In March of 2021 the Ontario Securities Commission issued a warning that all crypto asset trading platforms that offer trading to Ontario residents must register
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CRA revokes tax amnesty for taxpayer who didn’t make full disclosure
In the recent case of Grewal v. Canada, the Canada Revenue Agency imposed gross negligence penalties after they had already accepted the taxpayer’s Voluntary Disclosure
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Two reasons why you should pay your tax bill even if you are appealing it
When you appeal a tax assessment or re-assessment from the Canada Revenue Agency, interest is still being accumulated on the assessed amount. The prescribed annual
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How to speed up your tax appeal
If you disagree with your tax assessment or re-assessment from the Canada Revenue Agency, you can appeal the assessment by filing a Notice of Objection
Tax Court finds that a quick sale of a residential property was not made by a “builder” for GST/ HST purposes
Click here to get a free online assessment of your case The case of Wang v The Queen is an interesting case where the Tax
How Can the CRA Find Me?
In previous posts when I’ve written about tax amnesty, I’ve received some comments from readers saying that I don’t know what I’m talking about because
Federal Budget Targets Foreign Residential Property Buyers
The Canadian Government’s 2022 Budget proposes a two-year ban on residential property purchases by foreign companies and individuals who are not Canadian citizens or permanent
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Federal Budget Goes After Property Flippers
The Federal Government’s 2022 budget proposes to target property flippers to endure they are fully taxed on profits. Specifically, any person who sells a property
The Tax-Free First Home Savings Account
In the 2022 Federal budget, the Canadian Government has proposed a Tax-Free First Home Savings Account (“FHSA”) to assist first-time home buyers in buying a
If I Withdraw Funds from My TFSA Can I Recontribute in the Same Year?
This is a question clients frequently ask me so I thought I should write a blog post about it. Assuming you have made your maximum
Read MoreIf I Withdraw Funds from My TFSA Can I Recontribute in the Same Year?