
Income Sprinkling and Reasonableness
In the recently announced changes to the Income Tax Act, “reasonableness” takes centre stage. Taxpayers running businesses who pay money out to t...
When You Need A Tax Lawyer vs. When You Need An Accountant
There are clear distinctions to be made between tax lawyers and accountants. Understanding these differences will make it easier to decide what you ...
Can I File An Income Tax Objection?
If you feel as though the CRA has not interpreted the law correctly in their tax audit, it is within your rights to challenge it through the Income Ta...
What To Do If Your Disagree With The CRA On Your Tax Return
There are a number of steps you can take if you suspect the CRA has made a mistake in their audit regarding the legitimacy of your tax return. It mi...
I’m Being Audited By The CRA, What Should I Do?
Depending on your employment position, it should not be a surprise to find yourself the target of a CRA audit. If you are self-employed, the owner o...
What Happens If You Forget To Report Income On Your Tax Returns
Forgetting to report income is a common issue pertaining to tax returns and audits. If you are reporting numerous employment incomes, have a plethor...
RRSP or TFSA – Which is Right for Me?
If you want to begin saving for retirement, but are not maxing out the tax-sheltered savings accounts offered by the Canada Revenue Agency, you will f...
Changes to the Lifetime Capital Gains Exemption
On July 18, 2017, Canada introduced draft legislation that, if implemented, will significantly change the way business owners and professionals pay ta...
Ontario Real Estate Agents and Professional Corporations
Realtors in Ontario have traditionally been left out in the cold when it comes to taking advantage of the tax benefits of professional corporations....

