The CRA clears up some common tax myths

There are a number of misleading statements and myths about Canada’s tax laws out there. It is important that you know which ones are true and which ones are not, as misunderstandings about tax laws may cause you to expose yourself to legal problems if you fail to comply with the Income Tax Act and other tax laws. The CRA addresses some of them on its website to help you understand the truth about taxes.

http://www.cra-arc.gc.ca/nwsrm/myths/menu-eng.html

If you have any questions or concerns, please do not hesitate to contact us.

The blogs posted on our website provide information of a general nature. These posts should not be considered specific advice; as each reader's personal financial situation is unique and fact specific. Please contact a professional advisor prior to implementing or acting upon any of the information contained in one of the blogs.

Recent Posts