Beyond the Balance Sheet: Smart Strategies for Financial Success
We go beyond the numbers to provide clarity, strategy, and peace of mind. Whether you're a business owner, investor, or individual looking to optimize your finances, our expert insights help you navigate tax planning, financial reporting, and strategic growth with confidence. Let’s turn complexity into opportunity—one number at a time.
CRA Electronic Payment Requirements: What Businesses Need to Know
Since January 1, 2024, any payment over $10,000 to the Receiver General must be made electronically—unless it's not reasonably possible. A $100 penalty can apply for each failure to comply. CRA isn’t enforcing this yet, but that could change quickly. Don’t get caught off guard—switch to electronic payments now and stay ahead of potential penalties.
Dual Wills Explained: What Every CCPC Shareholder Should Know
If you're a shareholder in a Canadian Controlled Private Corporation (CCPC), your estate plan could be costing your beneficiaries unnecessary probate tax. Many business owners don’t realize that a simple legal strategy—having two wills—can protect their corporate assets, reduce tax, and ensure a smoother transition for their business.
Stay Alert: Protect Yourself and Your Business from CRA-Related Scams
Scammers are getting smarter—and their messages look more convincing than ever. From fake tax refunds to fraudulent CRA account alerts, Canadians are being targeted with sophisticated schemes designed to steal personal and financial information. Learn how to spot the latest scams and protect yourself and your business before it’s too late.
Understanding TFSA Contribution Limits: Why You Should Always Double-Check Before Depositing
Before you make that next deposit, make sure you're not relying on outdated CRA figures. Many Canadians unintentionally overcontribute—and face steep penalties—because they misunderstand how TFSA limits are reported. Learn how to protect yourself and your savings in our latest blog post.
Canada Disability Benefit: New Support for Canadians with Disabilities
The Canada Disability Benefit is a new federal monthly payment launching in July 2025, aimed at supporting working-age individuals with disabilities who have low income, to reduce…
Service Payments and the CRA: What Most Small Businesses Are Missing
Many small businesses are overlooking a CRA requirement that could lead to compliance issues — and it all comes down to how you report payments for services. The CRA recently surveyed businesses across Canada, and the results might surprise you.
Missing Investment Slips? Why CRA’s 2024 Tax Season Caught Canadians Off Guard
Filed your taxes but something feels off? Thousands of Canadians discovered missing investment slips during the 2024 tax season—thanks to a quiet change at the CRA that disrupted the usual process. Find out what caused the delay…
Flipping or Investing? What a 2024 Court Case Reveals About Real Estate Taxation in Canada
A recent Court of Quebec decision highlights how quickly a real estate sale can shift from a capital gain to fully taxable income—depending on your intent, actions, and history. If you're buying, renovating, and selling property, here's what you need to know before your next transaction..
Turning Vacation Rentals into a Business: What a Recent Tax Court Case Reveals
When does a short-term rental operation qualify as a legitimate business in the eyes of the CRA? A recent Tax Court of Canada decision highlights what it takes to demonstrate commercial intent and secure tax relief for short-term rental activities...
Resigned But Still Responsible? The Hidden Liability of De Facto Directors
Think you're off the hook after resigning as a corporate director? Think again…
Don’t Let a Fake Email Compromise Your Data—Stay Ahead of Phishing Threats
AI is changing the face of cybercrime—here’s what you need to know…
SLAM THE SCAM: Protect yourself against Fraud
Most, if not all of us, have received a call from someone claiming to be from CRA. They may threaten arrest or other such actions if a tax bill is …
WILL AND BENEFICIARY DESIGNATIONS: Are they current?
RRSP Designations A May 10, 2021 CBC article demonstrated the importance of reviewing RRSP beneficiary designations. The article discussed the unfortunate cascade of events where, in 2018, a 50-year-old individual …
RENTAL PROPERTIES: Major Repair Expenses
In a February 11, 2021 Tax Court of Canada case, the deductibility of rental expenses for a condo unit that underwent major repairs was considered. In 2010, major structural repairs …
Climate Action Incentive
In October 2018, the Federal Government announced plans to ensure pricing on carbon pollution was being introduced across Canada. As a result, residents of provinces that had not adopted the …
Canada Pension Plan (CPP) Enhancement
Every individual in Canada who is over 18 years of age, works outside of Quebec, and earns more than $3,500 in a year is required to contribute to the Canada …
Cryptocurrency and the CRA
Over the past few years, the topic of “crypto” or “digital “currency has become prevalent – so much so that it has caught the attention of the CRA. The most …
Importance of Having a Will and Power of Attorney in Place
Whether you are single, married, living common-law, widowed or whatever your circumstances may be, making or reviewing your Will should be at the top of your To-Do List. A Will …
RRSP or TFSA?
A Registered Retirement Savings Plan (RRSP) was, prior to 2009, seen as the best way taxpayers could save for their retirement. However, once Tax-Free Savings Plans (TFSA) were introduced, individuals …
Pre-Authorized Debit Agreement with the CRA
If you have a balance owing for your 2016 income taxes, you can now authorize CRA to withdraw the funds from your bank account, on a specific date by providing …