Category Archives: Blog

Since the Covid-19 pandemic prevented many Canadians from going on overseas vacations and since so many people are still working from home, it shouldn’t come as a surprise to discover there has been a boom in cottage sales lately. In fact, during the first nine months of 2020, cottage sales went up almost 12% in […]

Falling behind on filing income tax returns and paying taxes is more common than you think. However, as a Canadian taxpayer, it is your responsibility to calculate, submit, and pay your taxes by the deadlines. The deadline for filing 2021 taxes is April 30th, 2022, for individuals and June 15th, 2022, for those who are […]

Section 160 of the Income Tax Act in Canada is a tool for tax collection which impedes taxpayers attempting to hide assets from the tax collector by transferring them to related corporations, friends, or relatives. There is a wide variety of transactions, such as those involving cryptocurrency and NFTs, so if you receive anything like […]

Income tax audits can be daunting and costly for taxpayers. Anyone running a company, especially a cash-based one, might not realize the Canada Revenue Agency, or CRA, has various methods it can use to reassess taxpayers. Also, not all methods depend on examining the company’s records and books. If the CRA believes that a taxpayer’s […]

The Excise Tax Act offers the Canada Revenue Agency (CRA) and its tax collectors’ broad authority to recover tax obligations. Many taxpayers are surprised when their bank accounts are blocked, possessions confiscated, or paychecks garnished. However, there are precise and time-based constraints where the CRA can legally recover GST/HST tax obligation. Unlike most tax debts, […]

Section 85 rollover allows a Canadian taxpayer to transfer eligible property, deferring the tax to a taxable Canadian corporation. This means a taxpayer can defer part or all of the tax consequences that typically arise on the transfer, depending on objectives. Section 85 rollover applies to the following situations (and more): Estate planning Sole proprietors […]

Tax Problem Solutions More often than not, complex tax problems are unanticipated; not to mention, they are almost always without clarification or simple answers. The support of a competent tax professional can help you with feasible tax solutions, which could be your first step towards the best possible outcome. If you are seeking feasible, practical […]

Are You Facing One of The Following Tax Problems? Tax Audit Tax Arrears Problems Unreported Income Back Tax Demand to File Overdue Tax Debts CRA Tax Relief Late Tax Payroll Tax Arrears Unfair Income Garnishment Tax Reassessment Canadian Tax Relief CRA (Canada Revenue Agency) Taxpayer Relief Voluntary Disclosure Program or VDP Tax Amnesty or Tax […]

Professional tax representation is the best tool to combat CRA Agents The Canada Revenue Agency’s (short for CRA) agents can sometimes be very demanding and intimidating, especially while dealing directly with the tax payers. In fact, it would not be an exaggeration to say that they are the reason behind the sleepless nights of many […]