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Preparing For The 2022 Tax Season

The deadline for most Canadians to file their income tax and benefit return is April 30, 2022, or June 15, 2022 if they are self-employed. However since April 30th falls on a Saturday, that deadline is extended to May 2, 2022. Filing your return on time helps make sure you receive any refund, benefits or credits you

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TFSA The benefits of having a TFSA

First of all you will get into the habit of setting money aside if you are not already doing it – you decide how much. You can contribute regularly or whenever you can, and you can withdraw from your account at any time, for any reason.

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GETTING OUT OF DEBTCONSUMER PROPOSALS

Consumer proposals are one way to deal with your debt that you cannot afford to pay, in certain circumstances. Let’s look at what a Consumer Proposal is and if it’s the right choice for you, from a tax debt perspective.

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How to Deal with tax debt in Canada

You can’t afford to pay your back taxes and the CRA has started collection actions against you. Many taxpayers and businesses find themselves in this situation for one reason or another; it is an everyday

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Cryptocurrencies and You

As cryptocurrencies become more and more mainstream, the price of bitcoin and some other cryptos have soared following the long-awaited executive order by the Biden administration, regarding regulating digital currencies. The order called for a ‘coordinated and comprehensive approach to digital asset policy”

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Can You Negotiate with the CRA?

Some say yes, some say no. You owe a large amount of taxes and you are unable to pay it. It is a debt that will not go away, ever, so it is best to deal with it. One way to address it is to propose a payment plan to pay it in instalments

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Corporate Transparency

We’ve all been waiting for this, so finally! Remember the Panama Papers? Wouldn’t you just love to know who is behind the richest corporations in Canada?

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