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Section 85 Rollover
September 16, 2025
Corporate Tax
Section 85 Rollover: A Tax-Deferred Strategy for Canadian Business Owners
If you’re a Canadian business owner, there may come a time when you need to move assets into a corporation—whether you’re incorporating...
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image with text Are Tips Taxable in Canada?
September 3, 2025
Personal Tax
Are Tips Taxable in Canada? The Essential Guide to How The CRA Treats Gratuities
Are tips taxable in Canada? Yes — the Canada Revenue Agency (CRA) considers all tips and gratuities as taxable income. Whether you’re...
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image with text New Trust Reporting Requirements
February 4, 2024
Personal Tax
Do the New Trust Reporting Requirements Apply to You?
As the Canadian government continues to strengthen its tax reporting regulations, new requirements have been implemented for trusts which are now in...
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image with text how to fix a mistake on your tax return
January 21, 2024
Personal Tax
How to Fix a Mistake on Your Tax Return in Canada?
Tax season can be a stressful time for many individuals and business owners. Filing your tax return accurately is crucial to avoid...
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image with text voluntary disclosure program
October 16, 2023
Personal Tax
When to Use CRA Voluntary Disclosure Program?
In the complex world of taxes, mistakes can happen. Whether it's a simple oversight or a deliberate omission, the consequences of inaccurate...
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image of home office expense deduction
October 2, 2023
Personal Tax
Can I Claim Home Office Expense Deduction?
In recent years, there has been a significant increase in the number of Canadians working from home. With the rise of remote...
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