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Even though Canada’s residential real estate market is making strong strides, the Canadian Revenue Agency is staying on top of the situation by observing real estate sales closely. With increased [...]

When money is tight and your business funds are low, it can be tempting to look around for additional pools of money to make ends meet. However, it is crucial that you steer clear of taking money [...]

On October 3, 2016, the government introduced several new changes about principal residences in Canada. From new rules for reporting the sale of your principal residence to mortgage insurance [...]

When it comes to your tax returns, the CRA holds you personally responsible for all the information disclosed on your return. Even if you hire professional tax accountants or a reputable tax [...]

If you have ever tried doing home improvement projects on your own, you probably ran into some situations where you knew you were in over your head. For instance, painting a wall is simple [...]

With the new changes in the 2016 federal tax rates, many Canadians are trying to figure out what their particular tax rate is now. To explain what tax rate you will be paying this coming year, [...]

The CRA is ramping up their their efforts to crack down on offshore tax evasion. With some recent success in bringing in previously uncollected taxes, the CRA is currently contacting around 350 [...]

There has been a lot of talk recently about Liberals raising the taxable rate on capital gains for Canadians. Even though the Liberal party never campaigned on this particular issue, the rumours [...]

The government is taking a strong stand against tax evasion, aggressive tax planning and other underground economic activity. In a bold move to bring outstanding funds back to Canada, the [...]

With some new enhancements and positive changes for 2015, you might be surprised how enthusiastic you are to complete your personal income tax returns. Check out the Canada Revenue Agency’s (CRA) [...]