Author: Michelle Kosarnia

by Michelle Kosarnia

Notice of Appeal: A Step-by-Step Guide for Canadian Taxpayers

A Notice of Appeal is a critical legal document that initiates the appeals process when disputing a decision made by the Canada Revenue Agency (CRA) o...

by Michelle Kosarnia

Collections Legal Action: What to Expect When Facing Debt

Collections legal action occurs when a creditor or collection agency takes formal legal steps to recover unpaid debts. In Canada, ignoring unpaid debt...

by Michelle Kosarnia

Collections: Understanding the Process and How to Manage It

Collections are a critical part of debt recovery, whether you’re a creditor seeking payment or an individual managing outstanding debts. In Canada, ...

by Michelle Kosarnia

Non-Arm’s Length Assessments: FYI Canadian Taxpayers

Non-arm’s length assessments are a critical aspect of Canada’s tax system, particularly for individuals and businesses involved in transactions wi...

by Michelle Kosarnia

Tax for Remote Workers: Canadian Employees and Freelancers

As remote work becomes increasingly common in Canada, understanding the tax implications of working from home is essential. Whether you’re a salarie...

by Michelle Kosarnia

Selling Your Home: What You Need to Know

Selling your home is a significant financial decision that involves more than just finding the right buyer. From understanding the tax implications to...

by Michelle Kosarnia

Unreported Income: Consequences and How to Address It

Unreported income is a significant issue that can have serious legal and financial consequences. Whether intentional or unintentional, failing to repo...

by Michelle Kosarnia

Income Splitting: A Strategy for Tax Savings

Income splitting is a tax strategy that can significantly reduce a family’s overall tax burden by shifting income from a higher-income earner to...

by Michelle Kosarnia

Tax Implications of Gifting Large Sums of Money

Gifting large sums of money can be a generous way to support family members, friends, or charitable organizations. However, it’s essential to un...

by Michelle Kosarnia

CRA Audit Powers and Judicial Review: A Guide for Taxpayers

In the 2024 Budget, the government proposed to further extend the Canada Revenue Agency’s (CRA) audit powers and their power to require additional d...