Global Learning and Gifting Initiative Update

Each and every year, Canadians donate hundreds of thousands of dollars to various charities to assist come tax time. This strategy can help reduce assessed monies owed and level out overall income. However, as we’ve seen with the Global Learning and Gifting Initiate,...

Tax Law News: The Panama Papers and Voluntary Disclosure

It has now been over a year since the Panama Papers were leaked and hundreds of Canadian taxpayers were named, their tax avoidance schemes exposed. Since that time, tired of the criticism of being soft on tax crime, the Canada Revenue Agency has stepped up their...

Banking on CRA Debt Forgiveness? You’ll be Disappointed

A few months ago we reported on the most recent report on the Canada Revenue Agency’s Voluntary Disclosure Program. This week, with the tax filing deadline just weeks away, we thought we’d revisit this issue in the hopes of offering those of you fearful of a tax audit...

Tax Filing Deadline Approaching – CRA Penalties and Interest

The tax filing deadline is fast approaching, and for many Canadians that means a tax debt that can eat into your savings account. For most, a tax debt and the resulting CRA penalties and interest are a pain, but that doesn’t stop them from accumulating. To help those...