A July 25, 2025 Federal Court decision confirmed that the Canada Revenue Agency (CRA) acted reasonably in denying penalty tax relief for a taxpayer who had […]
If you rely on CRA’s online services—My Account, My Business Account, Represent a Client, or the Tax Information Web Service—it’s vital to stay informed about upcoming […]
On August 25, 2025, the Tax Court of Canada delivered a significant decision on the deductibility of moving expenses under the Income Tax Act. The case […]
On September 29, 2025, Service Canada announced that the strike will cause delays in mailing cheques for Canada Disability Benefits and Employment Insurance (EI) benefits. While […]
Understanding the Updated Voluntary Disclosures Program (VDP) The Canada Revenue Agency’s (CRA) Voluntary Disclosures Program (VDP) offers taxpayers an opportunity to correct past tax errors or […]
On May 1, 2025, the French Federal Court of Appeal (FCA) addressed an important question: Does transferring real property from a corporation to its shareholder create […]
On April 17, 2025, the Tax Court of Canada ruled on whether the Canada Revenue Agency (CRA) could reassess a taxpayer beyond the normal reassessment period […]
Did you know that government-issued cheques from the Canada Revenue Agency (CRA) never expire? Whether it’s a GST/HST credit, tax refund, or other payment, these cheques […]
On April 29, 2025, the French Federal Court reviewed a taxpayer’s application for judicial review of the Canada Revenue Agency (CRA) decision denying a waiver of […]
As of June 16, 2025, the Canada Revenue Agency (CRA) has changed its default correspondence method for most businesses to online-only. This means important notices will […]
In a move to support first-time home buyers, the government has proposed a new GST rebate program aimed at making homeownership more attainable. Under this initiative, […]
Following the 2025 federal election, Canada’s Liberal Party has formed a minority government, ushering in a new wave of tax-related proposals that could significantly impact individuals […]
Corporate directors carry significant legal responsibilities, especially when it comes to tax compliance. Under Canadian law, directors can be held personally liable for a corporation’s failure […]
On December 20, 2024, the Federal Court reviewed a taxpayer’s application for judicial review of the Canada Revenue Agency (CRA) decision denying relief from penalties and interest. The issue […]
In the wake of newly imposed tariffs affecting Canadian businesses and individuals, the federal government has announced a comprehensive set of measures aimed at easing financial […]
In a June 18, 2024 Technical Interpretation, the Canada Revenue Agency (CRA) clarified a difficult truth for scam victims: losses from personal scams are not tax deductible. […]
Receiving a phone call from someone claiming to be with the Canada Revenue Agency (CRA) can be unsettling—especially if the caller is requesting personal information or […]
In 2023, CRA issued Shopify an unnamed persons requirement (UPR) that required Shopify to provide information on more than 121,000 Canadian vendors for the past six […]
Reasonable motor vehicle allowances received by employees in the course of employment duties are non-taxable. An allowance is not reasonable (and therefore taxable) if any of […]
In late 2023, the Federal government announced its intention to deny income tax deductions for expenses by non-compliant operators of short-term rental properties (such as Airbnb […]
Due to the proposal to deny deducting expenses related to non-compliant short-term rentals, some owners may consider selling their short-term rental property. While it is widely […]
For reporting periods that begin in 2024 and onwards, GST/HST registrants (except charities and selected financial institutions) must file all GST/HST returns with CRA electronically. Registrants […]
The $2/day flat rate method available to claim expenses for employees working from home was a temporary administrative measure only available from 2020 to 2022; it […]
In general, a personal services business (PSB) exists where the individual performing the work would be considered to be an employee of the payer if it […]
Various changes and issues have arisen in respect of T-slips to be filed and processed for the 2023 year. Dental benefitsBeginning with the 2023 year, issuers […]
It’s that time of year again!On April 16, 2024, the Federal Government tabled Budget 2024, which proposed various provisions impacting individuals and businesses. Some of the […]
Starting January 1, 2024, the Canada Revenue Agency (CRA) has implemented a new administrative policy regarding the province or territory of employment (POE) for payroll deduction […]
RRSP designations A May 10, 2021 CBC article demonstrated the importance of reviewing RRSP beneficiary designations. The article discussed the unfortunate cascade of events where, in […]
As some businesses struggle with cash flow, they may be motivated to prioritize suppliers and other creditors ahead of CRA. A recent court case demonstrates CRA’s […]
If you still have questions about the Canadian Emergency Wage Subsidy (CEWS) – you’re not alone. We’ve scratched our heads a few times too! For the […]
As we mentioned in our July blog, the Canadian government recently extended the CEWS subsidy program until December 19, 2020. Along with the extension, they have […]
The New Payment Deadline is now September 30, 2020! The CRA initially extended the payment deadlines for individual, corporate and trust income tax returns to September […]
The Canadian government has announced an extension to the CEWS subsidy. Eligible employers will now be able to claim this subsidy until December 19, 2020. We […]
“75%” Canada Emergency Wage Subsidy (CEWS) The Federal government has passed into law the Canada Emergency Wage Subsidy (CEWS) as well as the 10% Temporary Wage […]
Canadian Emergency Wage Subsidy (CEWS) On April 1, 2020 the government provided details on the 12-week wage subsidy. The subsidy is 75% of annual employee salary, […]
Our understanding of the most important provision of the current relief programs is summarized below. This information is currently as of April 1, 2020 only. Canadian […]
Yes, it’s tax season – AGAIN. Navigating the sea of life’s daily stresses can be challenging enough. What can help us cope with the added challenge […]
Regular housekeeping is good for us mentally, physically and emotionally – especially when managing our personal tax paperwork. How so? Well, suppose you got a notice […]
Are you up to your eyeballs keeping track of receipts, invoices and bank statements? Business owners know that the CRA requires these supporting documents to be […]
Is it really surprising that many fall victim to fake CRA collection calls? You know,the ones demanding payment or the CRA will either arrest you or […]
Bookkeeping is not just entering transactions, reconciling your bank statement and saying, “I’m done!” Bookkeeping lays the foundation for everything that is extracted from your financial […]
In November 2016, we blogged about Tax Free Savings Accounts. Since inception, CRA has been auditing TFSA accounts and this has resulted in penalties to taxpayers […]
The Federal Government’s 2017–18 Budget gives Canadians a taste of what they might expect over the next couple of years: attempted efficiencies, closed tax loopholes, steady […]
What is it? A Registered Education Savings Plan (RESP) is a special investment account that helps families plan for post-secondary education funding, and provides future tax-saving […]
A Registered Retirement Savings Plan (RRSP) is a personal savings account registered with Canada Revenue Agency (CRA) to help you save for retirement and reduce your […]
The Latest Principal Residence Exemption Rule Affects Every Canadian Homeowner You’ve sold your home and there’s lots of financial matters on your mind – legal fees, […]
Whether it is for personal taxes or business taxes, parting with your hard earned money is painful enough without the process being more complicated than it […]
Something that has become popular in the past few years and we would certainly recommend, is obtaining online access to all the information held by CRA […]
Starting in January 2013, CRA requires tax returns to be filed electronically. This applies to both T1 individual income tax returns and T2 corporation income tax […]