Nexora CPA

Surrey

An accountant for Surrey contractors, truckers, businesses and families.

Clean books, on-time filings and real planning for Surrey contractors, truckers and families.

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Surrey clients

The Surrey files we see most.

Most Surrey clients work with us by phone, video and secure portal, and we're happy to meet you anywhere in Surrey.

Contractors and trades

Job costing, GST, T5018 slips and WorkSafeBC questions for general contractors and subcontractors.

Truck drivers and owner-operators

Owner-operators and fleets: truck costs, fuel, GST, meals on long-haul trips and the move to a corporation.

Clinics and health practitioners

Clinic owners and the physiotherapists, massage therapists and other contractors who work with them.

Owner-managed companies

Corporate year-end, owner pay and holding companies for family businesses that have grown past a once-a-year accountant.

Families with rental suites

Basement suites, coach houses and investment properties reported correctly, with each owner's share split properly.

Self-employed and gig workers

Delivery and rideshare drivers, cleaners and other self-employed workers: income, expenses, GST and instalments.

For Surrey contractors

Construction is a big part of our Surrey work.

Books that keep up with the jobs

Revenue and costs tracked by job, so you know which work makes money and can price the next bid with confidence.

  • Monthly bookkeeping and catch-up
  • Progress billing and holdbacks
  • Equipment, vehicles and financing

Filings that come up every year

The returns contractors most often fall behind on, kept on a schedule.

  • GST/HST returns
  • T5018 subcontractor slips
  • Payroll and T4 slips
  • Corporate year-end and T2

Subcontractor or employee

How you classify workers affects payroll, CPP, EI and WorkSafeBC coverage. We help you get it right before a reassessment does.

Industry guides

Guides for Surrey clients.

Local guide

Tax notes for Surrey businesses and families.

Surrey is one of BC's fastest-growing cities, with a large base of contractors, family businesses and households with rental suites. These are the topics that come up most.

Contractors and trades

Construction is a big part of our Surrey work: job costing, GST, T5018 slips and the subcontractor-or-employee question. Clean monthly books make all of it easier and show which jobs actually make money.

Truck drivers and owner-operators

Trucking is a big part of the Surrey economy, from independent owner-operators to fleets. Clean records make tax time simple and protect your deductions if the CRA asks.

  • Trucks and trailers are depreciated through capital cost allowance, and heavy trucks generally qualify for a higher rate
  • Eligible long-haul truck drivers can deduct 80% of meal costs on qualifying trips, instead of the usual 50%
  • GST is charged on most hauling, and input tax credits can be claimed on fuel, repairs and truck costs
  • Interprovincial carriers may also have fuel tax reporting under the International Fuel Tax Agreement
  • Incorporating often makes sense once profit exceeds what you need to live on

Basement suites and coach houses

Many Surrey families rent out a suite. Rent is reported on your return, and you deduct the share of expenses that relates to the rental, such as a portion of utilities, insurance, property tax and mortgage interest. Claiming depreciation on part of your home can affect your principal residence exemption, so it's usually avoided.

Speculation and Vacancy Tax

Surrey is inside the area covered by BC's Speculation and Vacancy Tax. Owners of residential property must file a declaration every year, even when they're exempt.

Family businesses

For family-run companies, how profit is shared among family members is limited by the tax on split income rules. Paying family members a reasonable salary for work they actually do is still allowed, and we review dividends before they're paid.

Meeting with us

Our office is downtown on the Expo Line, but most Surrey clients work with us by phone, video and secure portal, and we're happy to come to you, wherever suits you.

Have a question about your situation?

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Working with us

Working with us from Surrey.

01

Start with a short call

We learn what you need and give you a quote upfront.

02

Connect securely

You authorize us with the CRA and share documents through our secure client portal.

03

We do the work

Your file is prepared and reviewed by a CPA, with questions sent as they come up.

04

Review together

We walk you through the results by phone, video, at our office or wherever suits you.

Questions

Common questions.

Do you have an office in Surrey?

No, we're downtown Vancouver. We're happy to meet you anywhere in Surrey, from your office to a café.

My books are a few months behind. Can you help?

Yes. We catch up bookkeeping before a GST filing or year-end, then keep it current monthly or quarterly.

Do I need to file T5018 slips?

Generally yes, if construction is your primary business and you pay subcontractors for construction services.

Do I need a business licence in Surrey?

Generally yes, if you operate a business in Surrey. Check with the City of Surrey for your activity.

Can owner-operator truck drivers deduct meals?

Eligible long-haul drivers can generally deduct 80% of meal costs on qualifying trips. We help you track them.

How are fees set?

Fees depend on the size and complexity of your file. We give you a quote upfront after a short first call.

Talk to a CPA about your Surrey business.

Book a call