When to Call a Pro

Posted by & filed under Personal Tax.

Description: Very affordable and easy to operate software has made tax season a lot less tougher than it used to be in the good old days. The Canada Revenue Agency (CRA) has even compiled a list of free or inexpensive software choices to help you along the way. The CRA website is also an excellent… Read more »

A Rather Unique Escape Room

Posted by & filed under Marketing & Strategy, Personal Tax, Student life.

Description: The Canada Revenue Agency (CRA) has launched a unique service to help educate Ottawa residents how to avoid being defrauded. Inside the city’s St. Laurent Shopping Centre mall shoppers will find the the ‘Be Smart Scam Escape Room’ where they can move about three rooms, answering various challenges that will boost their knowledge about… Read more »

A New Gilded Age?

Posted by & filed under Personal Tax.

Description: It didn’t take long for many Canadian CEOs to earn more in a few hours than regular Canadians take all year long to earn: it took a bit over eight hours for them to surpass the average Canadian’s annual salary of $60,606. The Canadian Centre for Policy Alternatives released a study showing the top… Read more »

Tax Decisions with Living Together

Posted by & filed under Auditing, Personal Tax.

Description: With tax season in full swing – despite the strike in effect at the Canada Revenue Agency (CRA) – experts agree that it is important that Canadians know how living together can impact your taxation status. With societal trends indicating that common-law relationships are especially prevalent among those 20-24 years old, many may be… Read more »

CRA Employees to Strike?

Posted by & filed under Canadian Government, Personal Tax.

Description: Canada Revenue Agency (CRA) employees and the Government of Canada are currently at a collective-bargaining impasse. Strike votes are taking place between now and April 7, right in the heart of tax season, when individuals and businesses are normally flooding the CRA call centres with taxation questions. Union President Marc Brière has noted that… Read more »

One in Ten?

Posted by & filed under Personal Tax.

Description: Ten to twelve percent of Canadians are not filing their annual T-1 tax returns. And perhaps even more surprising comes the news that the government actually owes money to many of them. Prosper Canada is seeking to build financial literacy among lower-income Canadians, encouraging them to file their returns to claim cash for various… Read more »

Help with Inflation

Posted by & filed under Personal Tax, Student life.

Description: The Government of Canada is directing financial relief to citizens with lower income to help them deal with this current inflationary environment. One measure is the doubling of the Goods and Service Tax Credit (GSTC) for those with family incomes under $39,826 in 2021. A second measure, the Canada Dental Benefit, will provide cash… Read more »

Electronic Tipping

Posted by & filed under Personal Tax.

Description: With the increased use of the tap of debit/credit cards during the pandemic, it’s interesting to see what the Canada Revenue Agency (CRA) has to say about electronic tipping. Many restaurant and bar patrons have become used to seeing the electronic tip option as part of their transaction in paying their bill by card…. Read more »