Becoming a New Parent & Your Taxes
Did you know, July, August & September are the most common months for birthdays in Canada? I know this all too well, as last September, my son was born and the hospital was packed! As a new...
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Stop Procrastinating! Tips to file your Taxes on Time
Every year we have clients that file late. You know what, it happens. We’re all busy and filing your taxes is one of the last things you want to think about. However, filing late could be costing...
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What You Should Know About Audits
I am sure we have all been there. We go to our mailbox and what do we see waiting for us? That brown envelope from the Canada Revenue Agency (CRA). Your mind starts to race… you filed your taxes...
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Claiming Airbnb Income to the CRA
Airbnb has sent a reminder to its 55,000 Canadian host that they must claim their short-term rental income. Even if you only rent out one room periodically, it is still considered income and must...
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Homes Sold Last Year Must Be Reported to CRA
As part of the Liberal government’s tightening of mortgage lending rules last October, Canadians who sold their homes in 2016 must report it to the Canada Revenue Agency in their income tax...
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