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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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End of Year Tax Tips for 2019

ON December 22, 2019

With the end of the year nearly upon us, it is a good idea to start planning for tax time. By preparing now, you will not only save yourself time and effort later, you can also get the maximum possible refund. But you will need to act before December 31st. Here are some tax tips […]

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Your Essential Tax List

ON December 10, 2019

Don’t be like so many others when tax time comes around: disorganized, panicked, and scrambling to find everything you need. Do yourself a favour and prepare in advance, making use of a checklist. Even if you don’t have much to keep track of, there are basic items common to everyone that need to be included […]

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