The Tax Court of Canada allowed appeals of three taxpayers from gross negligence penalties on the basis that the Canada Revenue Agency(“CRA”), with the assistance
Why you should not transfer your property to your spouse if you owe taxes
If you owe taxes to the Canada Revenue Agency (“CRA”) and you transfer property to your spouse or other non-arms length person for less than
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Court finds that tips on restaurant credit card sales paid to servers are pensionable wages and insurable earnings for the purposes of CPP and EI
In the recent decision of Ristorante a Mano v Minister of National Revenue , the Federal Court of Appeal upheld assessments by the Canada Revenue
Will Bankruptcy Wipe Out My Tax Debts ?
September 9, 2022 Many people try to eliminate their tax debts by filing for bankruptcy. Before doing that, however, you should explore all other options.
Luxury Tax comes into effect in Canada
September 1, 2022 The new Luxury Tax announced in the 2021 Budget came into effect today. It introduces a new tax on the sale or
Do you have to repay your CERB Benefits ?
The Canada Revenue Agency (“CRA” ) has recently been sending out letters to recipients of the Canada Emergency Response Benefit (“CERB”) stating that they must
Is a tax assessment valid if you didn’t receive it?
A question that comes up from time to time is whether a Notice of Assessment from the Canada Revenue Agency (“CRA”) is valid if you
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Top 5 Audit Red Flags
You’re going to want to save this post and share it with your friends because I’m going to tell you the top five red flags
Accurate records of expenses are essential for SR & ED tax credits
The program is designed to encourage Canadian businesses to conduct research and development in Canada. Depending on where you live, business owners can recover up
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How to apply for SR & ED Tax Credits
Each year Canadian businesses receive $ 3 billion in tax credits through the Scientific Research and Experimental Development program administered by the Canada Revenue Agency