Author: Elias Zafiridis

by Elias Zafiridis

New CRA Powers for Notices of Non- Compliance – Proposed in the 2025 Federal Budget

In the 2025 Federal Budget, the Canadian government proposed plans to introduce a new tool for the Canada Revenue Agency (“CRA”) called a Notice o...

by Elias Zafiridis

Foreign Tax Credits: Common Errors and CRA Adjustments

When Canadians earn income abroad, through employment, investments, or business activities, that income is typically taxed in the country where it’s...

by Elias Zafiridis

Understanding the CRA’s Power to Compel Interviews Under Section 231.1

The Canada Revenue Agency (CRA) has several key powers regarding the administration and enforcement of Canadian income tax laws. These powers allow th...

by Elias Zafiridis

What to Expect During an Audit — and How to Prepare

Getting audited by the CRA can be an arduous process, fraught with requests for extensive documentation and information. However, with diligent record...

by Elias Zafiridis

Taxpayer Relief Applications: How to Request CRA Relief

Most Canadian taxpayers do not enjoy dealing with the Canada Revenue Agency (“CRA”), especially when the penalties and interest start to stack up ...

by Elias Zafiridis

Considering Hiring Family to Help Run Your Business? Ensure you Understand CRA Requirements to Stay Compliant

Thinking of hiring your spouse to handle bookkeeping or your teen to help with marketing? While keeping business “in the family” sounds ideal, the...

by Elias Zafiridis

CRA Technology and Corporate Audits

The Canada Revenue Agency (the “CRA”) has significantly modernized its approach to auditing corporations. Rather than relying solely on manual rev...

by Elias Zafiridis

Is the CRA Failing the Taxpayers? What Taxpayers Need to Know

What Taxpayers Need to Know (and How to Protect Themselves): A Report by the Office of the Auditor General of Canada. When Canadians call the Canada R...

by Elias Zafiridis

Appealing a Corporate Tax Audit

When a corporation undergoes a Canada Revenue Agency (the “CRA”) audit, the outcome may result in reassessments, penalties, or additional taxes ow...

by Elias Zafiridis

What Is a T3 Trust Return and When Do You Need to File One?

If you are a trustee, executor of an estate, or a beneficiary involved with a trust in Canada, you may encounter the T3 Trust Income Tax and Informati...