by Elias ZafiridisOwning Rental Property Through a Corporation
Owning rental property has become an increasingly popular and effective strategy for long-term wealth accumulation. In response, individuals are becom...
by Elias ZafiridisLate Tax Return Penalties Canada
Filing your tax return on time in Canada is more than just a formality, it can have significant financial consequences if missed. The Canada Revenue A...
by Elias ZafiridisVoluntary Disclosure Program: Fixing Past Mistakes
Voluntary Disclosure Program: Fixing Past Mistakes Before the CRA Finds Them Navigating the complexities of Canada’s tax system is no easy task for ...
by Elias ZafiridisFailure 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 Elias ZafiridisReassessment 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 Elias ZafiridisWong v. The King: Lessons in Shared Custody and the Canada Child Benefit
When it comes to tax disputes, few areas are as personal—and as emotionally charged—as those involving child benefits. The recent Tax Court of Can...
by Elias ZafiridisAre You a Tax Resident of Canada? Here’s How to Know for Sure
Determining whether you are a resident of Canada for tax purposes is a critical first step in ensuring compliance with Canadian tax laws. Your residen...
by Elias ZafiridisChallenging Revocation: What to Do When your Charity’s Registration is at Stake
The Income Tax Act grants registered charities numerous tax benefits, not least of which is the ability to issue receipts for donations that entitle t...
by Elias ZafiridisOwner-Manager Remuneration: Characterization of Payments
The Background The recent case involving Malamute Contracting Inc., a small Ontario business specializing in kitchen and bathroom renovations, highlig...
by Elias Zafiridis