by James PendergastHow Far Back Can CRA Audit?
The Difference Between a CRA Audit, and a CRA Review The Canada Revenue Agency (“CRA”) has two options when looking at reassessing or adjusting ta...
by James PendergastWhat is a Taxable Benefit?
What is a Taxable Benefit? A taxable benefit is a benefit that a taxpayer receives, typically paid for by a corporation, that is more related to perso...
by James PendergastTuition Tax Credits
The Tuition Tax Credit The tuition tax credit (“TTC”) is a non-refundable tax credit that helps Canadian students who are currently attending, o...
by Jason RosenPrincipal Residence Audit
A Principal Residence audit occurs when the Canada Revenue Agency audits a taxpayer for the sale of one, or multiple properties where no taxes are pai...
by Jason RosenThe British Columbia Speculation Tax
It’s no secret that Vancouver is one of Canada’s hottest real estate markets, and that other large urban centres in British Columbia have enjoyed ...
by Jason RosenThe Disability Tax Credit
The Disability Tax Credit The disability tax credit (DTC) is a non-refundable tax credit that helps Canadians with disabilities pay for their out of p...
by Jason RosenThe CRA and Director’s Liability
What is Director’s Liability? In Canada, corporations are considered to be separate legal entities with their own assets and liabilities. It is a ba...
by Jason RosenCRA Section 160: Can I fight a Section 160 Assessment?
Section 160: Paying Other People’s Taxes As explained previously (here), section 160 of the Income Tax Act, and its counterpart, section 325 of ...
by James PendergastHave You Received A GST/HST Audit After Already Being Audited?
GST/HST Audits after already being Audited Subject to exceptions, Canadians running businesses are expected to collect and remit GST/HST to the govern...
by Jason Rosen