CRA Penalties and Interest
The Canada Revenue Agency (“CRA”) can charge interest and penalties for a variety of reasons. Perhaps more worrisome is the alarming rate that penalties and...
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Tax Audits and the Reasonable Minimum Standard
Anyone who has been audited will tell you about the amount of time they spent compiling receipts, bank statements, and other documentation to refute...
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Principal Residence Audit
A Principal Residence audit occurs when the Canada Revenue Agency audits a taxpayer for the sale of one, or multiple properties where no taxes are paid. No...
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The British Columbia Speculation Tax
It’s no secret that Vancouver is one of Canada’s hottest real estate markets, and that other large urban centres in British Columbia have enjoyed similar...
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Unreported Income and the CRA
Unreported Income and the CRA Canada's tax system is built on the premise that those filing their taxes are being honest with the Canada Revenue Agency...
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The Disability Tax Credit
The Disability Tax Credit The disability tax credit (DTC) is a non-refundable tax credit that helps Canadians with disabilities pay for their out of...
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GST/HST New Home Housing Rebate
GST/HST New Home Housing Rebate When you buy a new property in Canada, you must pay GST or HST on the purchase. However, purchasers can receive a rebate...
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Exporting Vehicles – GST/HST and Input Tax Credits
Exporting Vehicles - GST/HST and Input Tax Credits The sale and export of vehicles from Canada should theoretically yield GST/HST refunds. These are...
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