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CRA

preparing taxes

Self-Employed People Can Get Easier Mortgages

New regulations by Canada Mortgage and Housing Corp (CMHC) have made it easier for self-employed Canadians to invest in a house to get a mortgage.

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Side gig title

Tax Season and Economics of a Crowdfunding Campaign

As the Kickstarter Method of Pooling Sources Gains Rapidly, There Is One Piece of Advice That People Who Have Dealt With Crowd Funding Campaigns Have – Hire an

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Illustration of Bitcoins on a keyboard.

Cryptocurrency and the Canadian Taxman

Cryptocurrency is the new age of currency. It’s growing in popularity and with it, so does tax concerns. Canadian investors need to understand the tax implications associated with cryptocurrencies like Bitcoin. Here is everything you need to know about how cryptocurrency is taxed in Canada by the Canada Revenue Agency (CRA).

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Social Media

Canadian Tax Evaders Monitored on Social Media

Social media posts of Canadian taxpayers who could be cheating on their taxes are being monitored by the Canada Revenue Agency.

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preparing taxes

How to Deal With a Personal CRA Tax Audit

The Canada Revenue Agency (CRA) sends out letters every year to people it is going to audit. According to sources around 30,000 such letters are sent out every year and can scare some of the taxpayers who receive this dreaded communication.

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tax seasion

CRA’s Tax Evasion Tip-Off Hotline Received 32000 Tips Last Year

The Canada Revenue Agency’s snitch line has received a vast number of tips about suspected tax cheating and tax fraud cases this year. According to a report in CBC, the CRA received around 32,157 leads regarding suspected domestic tax cases in the 2017-2018 financial year.  The CRA receives a similar number of tips every year according […]

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housing real estate

The Condo Flipping Tax: How the CRA Cracks down on Condo Flippers

Condo flipping tax and how the CRA cracks down on Condo flippers. The profits a taxpayer makes from flipping real estate are generally considered to be fully taxable as business income. The principal residence exemption does not apply to property flipping.

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Tips for the 2019 Tax Season

Canada 2019 Tax Season – Everything You Should Know. It’s the time of the year again when taxes are the most important thing on everyone’s mind. There are new rules this year that could impact people who attend post-secondary institutions, are entrepreneurs or use service animals.

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preparing taxes

Can You Write-Off Business Expenses for Closed Business?

Can business expenses be tax deductible if you no longer operate said business? According to an article in the Financial Post, some business expenses can be tax deductible even if the business doesn’t operate anymore.

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preparing taxes

Small Businesses – Three Legal Ways to Avoid Tax

Small business owners often face uncertainty when it comes to their tax strategy. What is the best way to deal with taxation?

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