What is the Departure Tax?
COVID-19 has grounded many Canadians from international travel and has created unforeseen tax issues related to residency. As winter approaches, many will...
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The Advantages of a Holding Company
There are numerous ways in which holding corporations can be advantageous to taxpayers. As this post illustrates, holding corporations may be used to...
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The GST/HST Self-Assessment Rules
To self-assess for GST/HST means calculating how much GST/HST should be paid on a good or service where no actual sale has been completed, and to charge...
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Input Tax Credits – What are they, and Am I Eligible?
Through the help of e-commerce assistance platforms such as Shopify, the barriers to entering and starting a small business have dramatically decreased in...
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The Basics of Estate Taxation in Canada
In addition to the emotional consequences of losing a loved one, estate administration can be a difficult undertaking, even for those familiar with the...
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CRA Cyber Attack – Here’s What You Need to Know
On August 14, 2020, the Canada Revenue Agency ("CRA") website was temporarily shut down following being hit by three cyber-attacks, potentially compromising...
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The Fine Line between a CRA Tax Audit and a Criminal Tax Investigation
The Canadian income tax system operates through self-reporting, which means that each individual taxpayer is required to file his or her own Canadian tax...
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Can I Really Get an Apology from the CRA?
The Office of the Taxpayers’ Ombudsman recently claimed in its Annual Report for 2019-2020, Transformation through Disruption, that it recommends the CRA...
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