Mr. Ratan Tata, a real gem! In the realm of business and philanthropy, one name stands out...

Incorporating as a Personal Real Estate Corporation (PREC) in Alberta Are you a real estate professional or...

Personal Tax Guide 2024 Canada’s personal tax filing process is an annual requirement for residents to report...

What is Construction Mortgage? Construction Mortgage as the name goes is a type of mortgage that allows...

Planning to Buy Commercial Real Estate? Are you planning to buy Commercial Real Estate? But, not sure...

LICO 2024 – Income Requirements for Immigration and Super Visa In order to sponsor your parents or...

Business Purchase Financing Program Business purchase financing refers to the various methods and sources of funding that...

CEBA Repayment: Important Update  This is an important update regarding the Canadian Emergency Business Account loan repayment. There are certain important...

CEBA Repayment: Important Update  This is an important update regarding the Canadian Emergency Business Account loan repayment. There are certain important...

CEBA Repayment: Important Update  This is an important update regarding the Canadian Emergency Business Account loan repayment. There are certain important...

USA Tax Preparation Services We service several different types of clients, including both US and Canadian residents,...

CEBA Repayment: Important Update  This is an important update regarding the Canadian Emergency Business Account loan repayment....

Revival of a Corporation: Tax Collection       A June 12, 2023 Court of King’s Bench of...

Businesses Purchasing from Non-Residents: GST/HST?      Certain non-resident vendors are required to register for and collect GST/HST...

Enhanced GST Residential Rental Rebate: Increased Incentives    On September 14, 2023, the Department of Finance provided...

CEBA Repayment Deadline Extended: Some Issues   On September 14, 2023, the Department of Finance provided details on...

Gifts Directed to Other Donees: Loss of Charitable Status In some situations, a registered charity may be...

Paying Rent to Non-Residents: Withholdings Required In a March 30, 2023 Tax Court of Canada case, the...

Disability Tax Credit (DTC): Electronic Applications The DTC is a non-refundable tax credit that provides tax relief...

Multigenerational Home Renovation Tax Credit: More Housing Support The multigenerational home renovation tax credit is a refundable...

FIRST HOME SAVINGS ACCOUNT (FHSA) : A NEW SAVINGS TOOL A June 7, 2023 CryptoTaxLawyer.com article (Binance...

FIRST HOME SAVINGS ACCOUNT (FHSA) : A NEW SAVINGS TOOL The tax-free FHSA was introduced in 2023...

CPP ENHANCEMENTS : HIGHER CONTRIBUTIONS & BENEFITS In 2019, the government commenced a two-part enhancement to the...

TFSA: Carrying on a Business Within It Earnings in a TFSA are typically not taxable. However, earnings...

Digital Adoption Program: Grants, Loans and Professional Assistance On March 3, 2022, the Canada Digital Adoption Program...

Money Received from Abroad: CRA Reviews As of 2015, financial institutions must report electronic fund transfers (EFT)...

Estimated Sales by CRA: Audit File Selection & Assessment In an attempt to identify unreported revenue, CRA...

Auditing Old Tax Returns: CRA Abilities and Limitations CRA may reassess the tax returns for CCPCs and...

Principal Residence Exemption: CRA Project In early 2022, CRA began to send out education letters in respect...

Buying and Selling a Home: Budget 2022 Proposals The 2022 Federal Budget included several proposals that would...

Special Educational Needs – Catch Up Payments You can get financial support to help with the costs...

Old Age Security (OAS): Clawback Planning Individuals who normally receive OAS are occasionally surprised when some OAS...

Teachers & Early Childhood Educators: Expanded Access to Tax Credit The eligible educator school supply tax credit...

How much income do I need to sponsor my Parents & Grandparents for PR in Year 2022...

Corporate Advertising and Promotion Expenses: CRA Increasing Reviews Over the past few years, CRA has taken a...

Falsified Employment Records: The Penalties Can be Large With numerous COVID-19 benefits being based on employment and...

Small Business Air Quality Improvement Tax Credit : Could Your Business Benefit? The December 14, 2021 Economic...

TFSA Limit, Work from Home, First time home buyers, Climate Action Incentive Some quick points to consider…...

Phone Text Scam – A New Normal in Canada? Victims Should Call Police Immediately! A new phone...

In the Fall of 2021, the government revised several business supports provided due to the COVID-19 pandemic....