Sometimes we find ourselves with a ballooning tax debt that is careening out of control. As much as we try to stay ahead of our tax obligations, we just can’t
Want to understand what your Notice of Assessment & Notice of Reassessment mean? Each year Canadians file an income tax and benefit return to report their annual income to Revenue
What is the CRA Voluntary Disclosure Program? What must I know about it & take into consideration? The tax regime in Canada is predicated on a system that expects taxpayers
Several of the federal Liberal government’s tax policy changes, first rolled out in the summer of 2017, then amended shortly thereafter after a 75-day listening tour, have recently come into
Most people trying to calculate their tax obligation make the mistake of applying a flat tax rate. In Canada, we are taxed according to what is known as a “marginal
In 2017, the rules relating to private corporations changed, reducing opportunities for corporations to save taxes through passive income investments. Since then, the government has cleared up some of the
A comprehensive guide to calculating Income Tax in Ontario: Looking for an Ontario Tax Calculator to to make sense of your income tax obligations? Look no further. Here’s a complete
Everything you need to know about how to claim charitable donations when filing a tax return! Everyone is always asking how to claim charitable donations when filing a tax return.