$137,000. That’s the average small business audit reassessment from the CRA — before interest — based on the latest published data from 2019. Since then, enforcement funding has more than … Read more
Once you cross into the top bracket in Canada, more than half of every extra dollar goes to tax. In some provinces, it’s 53%. So how do wealthy Canadians, business … Read more
Every tax season I have this thought: what happens if I just… don’t file? The CRA can’t catch all of us…. right? Well, I looked into it. And an estimated … Read more
December 31 is your last chance to lock in big tax savings — yet most Canadians will miss at least one of these easy wins. Let’s start with… TFSA If … Read more
Taxes in Canada can feel endless. High earners see more than half their income eaten up by personal tax, and then there’s GST, HST, and property taxes on top. It … Read more
Taxes in Canada can feel endless. High earners see more than half their income eaten up by personal tax, and then there’s GST, HST, and property taxes on top. It … Read more
Picture this: you leave Canada, declare non-residency, and think you’ve finally escaped Canadian taxes for good. But then something feels off. Your pension cheques are lighter, your investment income is … Read more
Tax season isn’t just about filing paperwork—it’s about keeping more of your hard-earned money. But certain simple mistakes could be costing you a lot of money. Stay with me as … Read more
If you’re not claiming every tax break you can, you’re leaving money on the table. The CRA offers literally hundreds of tax deductions and credits, so it’s likely that most … Read more
The tax deadline is April 30, and if you don’t claim these credits, you’re leaving money on the table! Canada has a ton of tax credits, and it’s easy to … Read more