Login to post

or Sign up

New Quarterly Newsletters

By Web AdminAccounting, Auditing, Tax & Consulting NewsSeptember 30, 20260 comments

Two quarterly newsletters have been added – one dealing with personal issues, and one dealing with corporate issues. They can be accessed below. Corporate: Issue #77 Corporate Personal: Issue #77 Personal The information presented is only of a general nature, may omit many ...

Making sure you don’t fall victim to a tax scam

By Web AdminAccounting, Auditing, Tax & Consulting NewsSeptember 24, 20260 comments

Most Canadians interact with the Canada Revenue Agency (CRA) just twice a year – once when they file the required annual tax return and the second time when they receive a Notice of Assessment with respect to the return filed a few weeks earlier. By the end of summer, virtually ...

Using home equity to increase retirement income

By Web AdminAccounting, Auditing, Tax & Consulting NewsSeptember 17, 20260 comments

The phrase “affordability crisis” is one that is now familiar to all Canadians. The cost of living has been on a steady upward trend for the past number of years, and the increase in living costs has hit particularly hard in an area where expenditures are completely non-discretionary ...

Making the most of your tax-free savings account

By Web AdminAccounting, Auditing, Tax & Consulting NewsSeptember 10, 20260 comments

Tax-free savings accounts (TFSAs) were first introduced in 2009 and so have been available to Canadians for just under 20 years. Many Canadians have taken advantage of the benefits offered by such plans – in 2023, according to Statistics Canada, more Canadians contributed to ...

Coming clean with the tax authorities – making a voluntary disclosure

By Web AdminAccounting, Auditing, Tax & Consulting NewsSeptember 3, 20260 comments

While it’s unlikely that many of them do so with any great degree of enthusiasm, the vast majority of Canadian taxpayers meet their tax filing obligations each spring, by completing and filing the annual tax return. And, in most cases, the return filed is correct and complete. ...

When you sell your home – claiming the principal residence exemption in 2026

By Web AdminAccounting, Auditing, Tax & Consulting NewsAugust 27, 20260 comments

As is commonly known, the purchase of a home represents the largest single financial transaction most Canadians will make in their lifetime. However, buying a home represents much more than a financial transaction, however large that transaction may be. The purchase of a home brings ...

Claiming a deduction for legal fees incurred

By Web AdminAccounting, Auditing, Tax & Consulting NewsAugust 20, 20260 comments

Like most good professional advice, legal fees can be costly. And, adding insult to injury, the need to seek out and obtain legal advice (and to pay for it) is usually associated with life’s more unpleasant events – a divorce, a dispute over a family estate, or a job ...

The CPP post-retirement benefit - deciding whether to continue contributing

By Web AdminAccounting, Auditing, Tax & Consulting NewsAugust 13, 20260 comments

In 1966, Canadian workers began contributing for the first time to a new government sponsored retirement income plan – the Canada Pension Plan. Today, 60 years later, retirement for most Canadians bears little or no resemblance to the way retirement looked in 1966. At that ...

Getting help from the tax system for post-secondary education costs

By Web AdminAccounting, Auditing, Tax & Consulting NewsAugust 6, 20260 comments

Graduation from high school and the start of post-secondary education is an exciting time for both students and their families. Students who are beginning post-secondary education this fall are likely focused on choosing courses for the upcoming fall semester, getting a place in ...

Making the RRSP decision when you turn 71

By Web AdminAccounting, Auditing, Tax & Consulting NewsJuly 23, 20260 comments

#RRSP #retirement #savings #plan

One’s 71st birthday is a very consequential event when it comes to retirement planning for Canadian taxpayers, and it’s an event which will be experienced by hundreds of thousands of Canadians during 2026.   While saving for retirement through an employer-sponsored ...

How to respond to a first Instalment Reminder from the Canada Revenue Agency

By Web AdminAccounting, Auditing, Tax & Consulting NewsJuly 16, 20260 comments

#instalments #instalment #CRA #reminder #owing

By the time summer arrives, nearly all Canadians have filed their income tax returns for the previous year, have received a Notice of Assessment from the tax authorities with respect to that return, and have either spent their tax refund or, more grudgingly, paid any balance of tax ...

When the taxman has a few questions about your return

By Web AdminAccounting, Auditing, Tax & Consulting NewsJuly 9, 20260 comments

#CRA #review #audited #audit #personal #tax #return #notice #of #reassessment

By the time summer arrives, the deadline for filing an individual income tax return for the previous year has come and gone for all individual Canadians. The majority of taxpayers were required to file that return for 2025 on or before April 30, 2026, while self-employed individuals ...

Claiming a deduction for moving costs

By Web AdminAccounting, Auditing, Tax & Consulting NewsJuly 2, 20260 comments

#moving #costs #deductions #saving #money #optimize #your #taxes

While the Canadian housing market overall is down significantly from its peak in early 2022, houses continue to be bought and sold, and each such purchase and sale means a move for multiple households. The downturn in residential real estate prices has, in some instances, allowed ...

A mid-year check-up on your taxes for 2026

By Web AdminAccounting, Auditing, Tax & Consulting NewsJune 25, 20260 comments

Most Canadians are likely of the view, having just gone through the process of pulling together various sources of information on income and deductions and having dutifully prepared and filed an income tax return for the 2025 tax year, that they can happily put the subject of income ...

When household debt becomes unmanageable

By Web AdminAccounting, Auditing, Tax & Consulting NewsJune 18, 20260 comments

It’s no secret that Canadian households have, over the past few months and years, been subjected to a series of financial and economic “hits” which have left many such households struggling to maintain their financial stability, or even to meet everyday expenses ...

When and how to dispute your Notice of Assessment

By Web AdminAccounting, Auditing, Tax & Consulting NewsJune 11, 20260 comments

Between February and May of 2026, just over 30 million individual income tax returns for the 2025 tax year were filed with the Canada Revenue Agency (CRA).  And, while each one of those returns was different with respect to income reported and deduction and credit claims ...

PREVIOUS

12345678910»