Tax News

Easing Your Financial Worries During These Trying Times

ON May 26, 2020

You may have heard the expression, “your health is your wealth.” While this is definitely true, it is certainly understandable if you are concerned not only with your physical health, but your financial health as well during these unprecedented times. Another expression that you may have heard of is “panic selling,” which is precisely what […]

Read more arrow right

How to Protect Yourself from a CRA Scam

ON May 12, 2020

Scams have been around for probably as long as people have interacted with one another. Once a scam is revealed, a new one takes its place. In recent years, scammers have been upping their game and becoming more creative, making them sometimes quite difficult to detect. Many will do their best to frighten you in order […]

Read more arrow right

The COVID-19 Outbreak Will Change Your Tax Return Filing Deadline

ON April 18, 2020

During these unprecedented times, many people’s personal and professional lives have been uprooted, causing worry and financial hardship. Fortunately, the Government of Canada is offering a helping hand to Canadian taxpayers. CRA Extends Tax Filing Deadline Due to the COVID-19 pandemic, the Canada Revenue Agency (CRA) has made some changes to the tax filing deadline. […]

Read more arrow right

What You Need to Know About the Canada Emergency Response Benefit

ON April 5, 2020

We are all living in truly unprecedented and uncertain times. The COVID-19 global pandemic is impacting our personal and professional lives, causing immediate stress and financial hardship. To help ease the economic burden, the federal government has put in place a new measure to aid those who have been directly affected by the coronavirus. To […]

Read more arrow right

How Selling Your Home Will Affect Your Taxes

ON March 20, 2020

The time has come to sell your home. On its own, this can make for a stressful time, so you really won’t want to contend with the taxman adding to your concerns. Still, selling your home is going to have some consequences for your taxes. Keep reading to learn more. Selling Your Personal Home If […]

Read more arrow right

What Are the Different Types of Corporations in Canada?

ON March 16, 2020

If you are a Canadian starting your own business, you have several choices to make, not the least of which is what type of business structure you plan to follow. If you choose to create a corporation, you will have several types to choose from. There are several reasons to choose a corporation, such as […]

Read more arrow right

Allowable Business Expenses for Canadian Businesses

ON February 20, 2020

Wondering what is accepted by the CRA as a legitimate business expense for your small Canadian business? Being able to deduct business expenses is a great way to help your small business, especially when getting started. The CRA allows for several items to be claimed as deductions on your Canadian income tax. What follows is […]

Read more arrow right

How to Prepare for RRSP Season

ON February 9, 2020

It’s that time again! RRSP season can sneak up on you quickly and take you unaware. Are you ready for RRSP season? You might be thinking of this as the time to scrape together every last cent and make your contribution, but what else do you know about RRSPs? Here are a few points to […]

Read more arrow right

Everything You Need to Know About New Business Start-Up Costs in Canada

ON January 15, 2020

Launching your own business can be a thrilling experience. It can also be a time that is frantic, nerve-wracking, and potentially expensive. It is that cost that often holds people back, but it does not have to. Why? The Canada Revenue Agency (CRA) offers several tax incentives designed to help Canadians with the cost of […]

Read more arrow right

Everything You Need to Know About a CRA My Account

ON January 8, 2020

Are you wondering if you have a CRA My Account? Are you unsure even of the benefits that one offers? Perhaps you registered for one some time ago and forgot about it? Let’s take a look. First off, what is a CRA MY Account, and what can it offer you? Do not confuse a CRA […]

Read more arrow right