Ojaide v The King –Tuition Tax Credits Explained
Paying for school is stressful enough, but missing out on tuition tax credits or claiming them incorrectly can cost Canadians thousands. As tuition fees...
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New 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 of...
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Foreign 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 earned....
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Understanding the CRA’s Power to Compel Interviews Under Section 231.1
The Canada Revenue Agency (CRA) has several key powers regarding the administration and enforcement of Canadian income tax laws. These powers allow the CRA,...
Read More What to Expect During an Audit — and How to Prepare
Getting audited by the CRA can be an arduous process, fraught with requests for extensive documentation and information. However, with diligent...
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Salary or Dividends? How Corporation Operators Can Pay Themselves Better
If you run an incorporated business, deciding how to pay yourself is a big part of financial planning. The choice usually comes down to salary, dividends,...
Read More Tax Strategies to Help Your Ontario Small Business Thrive
Running a successful small business in Ontario comes with its fair share of responsibilities. Having an effective tax plan is a key component to the...
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Taxpayer Relief Applications: How to Request CRA Relief
Most Canadian taxpayers do not enjoy dealing with the Canada Revenue Agency (“CRA”), especially when the penalties and interest start to stack up fast!...
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