How Voluntary Disclosure Has Changed

How Voluntary Disclosure Has Changed

Canada’s Voluntary Disclosure Program provides a way for taxpayers to approach the CRA in order to resolve errors and omissions in their existing tax returns. The program provides relief to Canadians who come forward to fix their own errors before the CRA contacts...
2022 Federal Budget Tax Highlights

2022 Federal Budget Tax Highlights

On April 7th, the Honourable Chrystia Freeland tabled her second budget as federal Minister of Finance and Deputy Prime Minister. In last year’s budget, the federal government had predicted a deficit for 2021-22 of $154.7 billion, but in today’s budget,...
Taxing Your Principal Residence

Taxing Your Principal Residence

Selling houses can be a great source of income, and like all income it is subject to tax laws. It can be fairly simple when you own a single house and sell that in order to move to another, but that isn’t always the case. Many people own multiple houses, whether for...
The 2021 Budget and Your Business

The 2021 Budget and Your Business

The 2022 Federal Budget came out on April 7th, 2022. Learn how it affects you and your business. As far as accounting and tax liability is concerned, the most important thing the federal government does every year is pass the budget, and the 2021 Federal Budget is no...