Blog

What to Do (and what not to do) if You’re Being Audited

Hearing from CRA Receiving a brown envelope in the mail from the Canada Revenue Agency can strike fear into the hearts of Canadians. (Well, those of us who aren’t accountants). Most of the time the content is benign and is just an HST form for business owners, or a...

read more

Updates to the Passive Income Taxes

Good news for business owners! Last fall, the Federal government was proposing this some changes to how small businesses are taxed. Happily, the changes are minimal, but you may still be affected. Passive Income If you have passive income in a company, whether it’s...

read more

Tax Season is Here!

Tax season is here! Hopefully, you’re pulling together your receipts (and they’re the right ones, see our article from last month) and if you’re a transit user, a parent, a newlywed or just plain gainfully employed, there are a few changes you need to know about when...

read more

Do you keep the right records?

With many of us living in smaller spaces and looking to cut down the amount of paper we have to store, an increasing number of people are asking if they can keep digital copies of their receipts – and how much or how little they have to hold onto for CRA compliance....

read more

The New Income Splitting

Income splitting is a hot topic these days, especially since the Federal Government changed the rules as of January 1. The change affects those who own a corporation and limits the ways that business owners can distribute income. Click here for more information on the...

read more