A Financial Reset for the Year Ahead

Hello,

As we move into 2026, many of us are feeling energized by our resolutions and ready to improve specific areas of our lives. I’ve written before about adopting tiny habits i.e. small changes that, over time, get woven into the fabric of our routines. Because of their simplicity, I find these to be one of the most powerful ways to create meaningful, lasting change.

For those of you who have started thinking about your finances (or will soon), that motivation is often tinged with a bit of anxiety. There’s a sense that you should be doing something, but it’s not always clear what actually matters right now versus what can wait.

In my conversations with many of you, I often encounter some of these themes:

  • An ongoing worry about “doing something wrong” e.g. missing a deadline, filing incorrectly, or audits by CRA or Revenue Québec.

  • A feeling of being left to figure things out alone, especially after past experiences with unresponsive or ineffective professional help.

  • Frustration with tools like QuickBooks, where instead of feeling supported, you feel like you’re missing something obvious and second-guessing yourself.

  • Uncertainty about whether you are claiming everything you can and paying too much tax.

  • And, underlying this, there's a desire to feel like a business owner who understands their numbers, feels in control, and can make decisions confidently.

To help bring some clarity, I’ll be hosting a Free (YouTube) Live Webinar where I’ll walk through the big-picture financial areas most small business owners and solopreneurs should be thinking about right now.

We’ll cover, at a high level:

  • getting your accounting and records organized

  • understanding where you stand with sales tax

  • what actually drives your income tax bill

  • paying yourself more intentionally

  • deciding what to DIY and when support makes sense

The goal of the webinar will be to understand what needs your attention now, what doesn’t, and what your next steps should be.

📅 Date and Time: Wednesday, January 7th at 12pm.
🔗 Link: Small Business Financial Reset: What to Focus on Right Now

If you’re feeling like you could use more clarity and focus, I think this will be a helpful reset. You can also bring your questions and ask them in the chat. Hope to see you there!

I’d also love to hear about your resolutions for the new year, and if you're experiencing any financial anxiety as we approach tax season. Simply reply to this email.

Ronika

P.S. Looking to better understand your small business finance? Sign up to my newsletter!

Ronika Khanna

Ronika Khanna is a Chartered Professional Accountant (CPA), Chartered Financial Analyst (CFA), and the founder of Montreal Financial. Her previous experience includes roles at PwC and ING both in Montreal and Bermuda.

She started her business 15 years ago with a focus on accounting, finance and tax for small business owners, startups, freelancers, and the self-employed. As a small business owner herself, Ronika leverages her firsthand experience to offer practical advice and bring clarity to complex financial concepts.

She has been featured in media outlets such as CBC, the Toronto Star, and The Globe and Mail and has authored several books to help small businesses with their finances.

You can connect with her via her biweekly newsletter, Twitter, YouTube, and Linkedin.

She also offers consultations to small business owners and individuals who want personalized guidance.

https://www.montrealfinancial.ca/about
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Reflections as We Close Out the Year