What The Voluntary Disclosure Program Changes Will Mean

The Affect of Voluntary Disclosure Program Changes If you haven’t heard yet, the Canada Revenue Agency (CRA) is making Voluntary Disclosure Program changes that will seriously affect the future of the program. In June 2017, the CRA announced proposed Voluntary...

Do I Qualify for the New Residential Rental Property Rebate?

Qualifying for the New Residential Rental Property Rebate Owners and landlords of new residential properties may be eligible for a rebate on the GST/HST paid on the property. This is called the New Residential Rental Property Rebate (NRPR) and you must apply to...

Is House Flipping Considered Capital Gains or Business Income?

Is House Flipping Considered Capital Gains or Business Income? If you renovate and sell your home, how much tax do you pay? Does it count as a primary residence? Will you pay capital gains? Is it considered business income? Fill out the form to get started or give us...

Protecting Yourself Against “CRA” Scams

Be Aware of Scammers Pretending to be the Canada Revenue Agency It’s only natural that you might panic if you got a phone call from someone claiming to be from the Canada Revenue Agency saying you owe money. After all, the CRA is a powerful agency with broad...

What is Tax Evasion in Canada?

What is Tax Evasion in Canada? Canada Revenue Agency (CRA) auditors are required to bring tax evaders to account, collect the taxes interest and penalties. if you have undeclared income, for instance, you could be penalized or prosecuted for tax evasion. Farber Tax...