by Bhavika ChadhaFailure to File T1135: Consequences and How to Fix It
The T1135 – Foreign Income Verification Statement is a key tax compliance form required by the Canada Revenue Agency (CRA) for Canadian residents wh...
by Bhavika ChadhaReassessment Period CRA: What Every Taxpayer Should Know
When the Canada Revenue Agency (CRA) issues a Notice of Assessment, many taxpayers assume their tax affairs for that year are settled. However, the CR...
by Bhavika ChadhaBare Trusts – Demystifying T3 Filing Requirements
In recent years, Canada has introduced sweeping changes to trust reporting obligations, significantly affecting various trust structures—including b...
by Bhavika ChadhaHow a GST Elimination on New Homes Could Affect the Existing Housing Rebate Framework
In wake of the recent federal election, Prime Minister Carney’s platform placed a greater focus on eliminating the Goods and Services Tax (GST) for ...
by Bhavika ChadhaMEGLobal Canada ULC v. The King: Jurisdiction for Tax Appeals
When a taxpayer disagrees with a decision made by the CRA and they have exhausted their right of appeal with the CRA Appeals Division (or has elected ...
by Bhavika ChadhaTaxpayer Bill of Rights Canada: Rights and Protections
The Taxpayer Bill of Rights is an essential framework designed to protect Canadian taxpayers when dealing with the Canada Revenue Agency (CRA). Unders...
by Bhavika ChadhaTax Repayment Plans: Navigating Options with the CRA
Dealing with tax debt can be overwhelming, especially when you’re faced with mounting interest and penalties. If you owe money to the Canada Revenue...
by Bhavika ChadhaCapital Loss Carryforward: Maximizing Tax Benefits
Managing investments can be financially rewarding, but not every investment yields positive returns. Sometimes, you may sell an asset for less than it...
by Bhavika ChadhaIncome Tax Objections: How to Dispute a CRA Assessment
Dealing with a tax assessment from the Canada Revenue Agency (CRA) can be overwhelming, especially if you believe the assessment is incorrect. Fortuna...
by Bhavika Chadha