You have 60 days after the end of the year to make your RRSP contribution for the previous year. This means that February 29, 2024
Read MoreThe deadline to make your RRSP contribution is Feb 29
3 Ways to Deal with an Arbitrary CRA Assessment
If you don’t file your tax returns the Canada Revenue Agency (“CRA”) can estimate your income and issue a notional tax assessment against you called
The Deadline for Opening an FHSA Account is December 31st
If you want to accumulate First Home Savings Account contribution room this year then you must open an account by December 31st. The FHSA allows
Read MoreThe Deadline for Opening an FHSA Account is December 31st
What does an Asset Protection Lawyer do?
When I tell people I’m an Asset Protection Lawyer they usually ask me “what does an Asset Protection Lawyer actually do?” So let me give
Things the CRA doesn’t’ want you to know Part 1
If you own a corporation and the company owes income tax, you are not personally liable for the corporation’s taxes. You can tell the CRA
Why you should defer your bonus payments?
If you are a business owner and pay yourself an annual bonus, here’s a tax deferral tip that you might want to take advantage of.
Why I like the Nevis Asset Protection Trust
In previous posts I have discussed how to use an Offshore Asset Protection Trust to protect your assets from lawsuits and creditors. One of the
How to save taxes by moving your business offshore
Canada is generally considered a high tax jurisdiction. It is ranked # 25 in the world for highest taxes which is higher than the United
Tax lawyer explains what an arbitrary assessment is
What is an Arbitrary Assessment ? This video from “Wolf of Tax Street” explains it in a nutshell. Click here
What is an Arbitrary Assessment ?
If you don’t file your tax returns the Canada Revenue Agency (“CRA”) can estimate your income and issue a notional tax assessment against you called