

What does ‘Reasonableness’ Mean in Canadian Tax Law?
When Canadians think of taxes, they likely think of strict rules that come out of the Income Tax Act. Parts of the Act, however, do not really work ...

Tax Planning Using Private Corporations – 2017 Changes
The Federal Government has announced that they are looking into making changes to what they perceive as unfair tax advantages provided to individuals ...

My TFSA Is Being Audited, What Should I Do?
In 2009, the tax-free savings account (TFSA) was introduced across Canada. It was meant to promote investment, and encourage everyday Canadians to sav...

How to Object to a Notice of Assessment or Reassessment
Every year, many taxpayers are unhappy with the Notices of Assessments they are issued. If you’re in such a position, you do not need to accept t...

I Owe Money to the CRA – What do I do?
So you filed a personal, corporation, or GST/HST return but you weren’t able to cover the balance owing to the Canada Revenue Agency (“CRA...

Ontario’s Fair Housing Plan – What You Need To Know
On April 20, 2017, a number of measures were announced by the Ontario Government in their attempt to make housing more affordable. Rent Control...

Owing Money To The CRA: Tom’s Story Part 2
Tom can’t believe his eyes. He owes $27,000 to the CRA. What happened with the audit? Why didn’t his accountant handle the situation, or a...
