by Michelle KosarniaUnreported 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 Jason RosenCan’t Pay Taxes on Time? What to Do
Finding yourself unable to pay your taxes on time can be stressful and overwhelming. Whether due to financial hardship, unexpected expenses, or simply...
by Jason RosenIncome 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 Matthew PollockFailing to Report Income: What You Need to Know
Failing to report income is one of the most common tax mistakes made by Canadians, and it can lead to serious consequences with the Canada Revenue Age...
by Michelle KosarniaDistinction Between Current and Capital Expenditures
A repeated question in the realm of taxation revolves around the nature of expenditures; whereby misunderstandings arise as to whether an expense incu...
by Michelle KosarniaSubsection 163(2) of Canada’s Income Tax Act
Legal Consequences of Misrepresentations in Tax Matters Subsection 163(2) of the Income Tax Act (the “Act”) outlines the penalties that can be lev...
by Michelle KosarniaIncome Tax Implications of Departing Canada
For tax purposes, the distinction between a resident and a non-resident of Canada is essential in determining how much a taxpayer owes. Canadian resid...
by Michelle KosarniaThe Differential Tax Treatment of Employees vs Independent Contractors
Navigating the world of taxes can be a complex endeavour, especially when it comes to determining whether you are classified as an employee or an inde...
by Matthew PollockTax Considerations for Canadians Wintering Abroad
When the temperatures drop each year, many Canadians head south for the winter for a few months of bliss to escape the cold weather. While enjoying th...
by Michelle Kosarnia