by Elias ZafiridisNew 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 ZafiridisForeign 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 ZafiridisConsidering 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 Bhavika ChadhaSurviving the CRA’s Net Worth Audit
Navigating a Canada Revenue Agency’s (“CRA”) Net Worth Audit is a complex and stressful challenge for Canadian taxpayers, but with careful plann...
by Elias ZafiridisIs 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 Bhavika ChadhaNavigating the CRA Objection Process: What Every Taxpayer Should Know
If you have received a decision, Notice of Assessment, Reassessment, or Determination from the Canada Revenue Agency (“CRA”), filing a Notice of O...
by adminVoluntary 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 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 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