Frequently Asked Questions

Get clear, straightforward answers to the most common questions about working with us. If you need more personalized guidance, our team is always available to assist.

What accounting and assurance services do you provide?

We offer compilation, review, and audit services, along with financial reporting tailored to your business needs and stakeholders.

How do I know if I need a compilation, review, or audit?

This depends on your business size, lender requirements, and stakeholder needs. We’ll guide you in choosing the appropriate level of assurance.

What Canadian tax services do you offer?

We provide tax compliance, strategic tax planning, and restructuring advice to help minimize tax exposure and support your goals.

Do you handle cross-border tax matters?

Yes. We assist with US and international tax planning, ensuring compliance while optimizing global tax outcomes.

What does your business advisory service include?

Our advisory services cover strategic planning, operational improvements, financing support, and long-term growth strategies tailored to your business goals. We provide actionable insights and strategic guidance to help businesses scale sustainably and improve performance.

Can you assist with succession or exit planning?

Absolutely. We help business owners plan for succession, ownership transitions, and long-term wealth preservation.

Do you support buying or selling a business?

Yes. We provide end-to-end transaction support, including acquisitions, divestitures, and strategic deal advisory.

What role do you play in a transaction?

We help evaluate opportunities, structure deals, assess financial risks, and ensure transactions align with your long-term objectives.

Can you help improve the quality of my financial reporting?

Yes. We focus on delivering clear, reliable financial information and insights to support better decision-making.

How do I register for an EHT account?

In British Columbia, Employer Health Tax (EHT) registration is completed through the provincial online tax system called eTaxBC.
To register, you’ll first need to create an eTaxBC account and then add the Employer Health Tax program to your profile.
Before you begin, make sure you have:
  • Your Canada Revenue Agency (CRA) Business Number (BN)
  • Your legal business name and operating name (if applicable)
  • Business address and mailing address
  • Payroll information (including when you started or expect to start paying employees in BC)
  • Contact details for your business
Once your registration is submitted, the Province of British Columbia will confirm your eligibility and issue an EHT account number if required.
You can register or access eTaxBC here: eTaxBC – Government of British Columbia

 

 

How do I register for CRA My Account?

To register for CRA My Account, you need to sign up through the online service provided by the Canada Revenue Agency. This account lets individuals view and manage their personal income tax, benefits, and other CRA services online.

Steps to register:

  1. Go to the CRA My Account registration page – CRA My Account Registration
  2. Choose a sign-in method:
    • Sign-in Partner (using your online banking credentials), or
    • CRA User ID and password
  1. Provide personal information such as:
    • Social Insurance Number (SIN)
    • Date of birth
    • Current postal code
    • Information from a recent tax return (e.g., line 15000 amount)
  2. Complete identity verification:
    • You may be asked to verify through financial information or receive a CRA security code by mail
  3. Once verified, you’ll receive full access to your CRA account.
After registration, you can log in anytime to view notices of assessment, update personal information, track refunds, and manage tax-related services through CRA My Account.

How do I make a payment to CRA?

The CRA offers several secure and convenient options for making payments directly. You may choose the method that best suits your needs:

1. Online Banking – Most Canadian financial institutions allow CRA payments through online or mobile banking

    • Add the CRA as a payee (for example, CRA (Personal Income Tax) or CRA (Business))
    • Use your Social Insurance Number (SIN) or Business Number as the account/reference number

2. Pay at the Bank – Canadian financial institutions will accept payment when accompanied by a remittance voucher

    • Rise will provide you with a remittance voucher upon signing of your personal tax return documents. Please note, remittance vouchers are not available for corporate payments from Rise.
    • Service fees from the bank may apply

3. CRA “My Payment” Service – Payments can be made directly on the CRA website using a debit card:

    • Available through the CRA’s My Payment service
    • Funds may be withdrawn immediately or scheduled for a future date (such as April 30th)

4. PreAuthorized Debit – You can set up automatic withdrawals through your  CRA My Account  or  My Business Account:

    • One‑time or recurring payments are available
    • You control the amount and the withdrawal date

5. InPerson Payment at Canada Post – Many CRA balances can be paid at Canada Post using a QR code generated through the CRA:

    • You will find this on your remittance slip which will be provided to you upon signing of your personal tax return documents
    • Service fees may apply

6. Cheque or Money Order (Sent Directly to the CRA) – CRA has a new cheque payment limit of $10,000 per payment. If you choose to send them a cheque or money order:

    • Make it payable to Receiver General for Canada
    • Include your SIN or Business Number
    • Mail it directly to the CRA

How do I get started?

Simply contact our team using our Contact Us form to schedule an initial consultation. We’ll assess your needs and outline how we can support you.

Still have questions? Speak with a Rise Advisor today.

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