Self-Employed Taxes

A CRA audit can feel like a storm cloud. The thought of your records being pored over can keep you up at night, but knowing what to expect and how to prepare can make it more manageable. This will walk...

Feeling like you’re giving the taxman too much of your hard-earned cash? You’re not alone. Tax minimization isn’t about avoiding tax—it’s about being smart with your finances to legally reduce your tax bill through strategies like claiming tax deductions. Understanding...

Quick Facts Filing your taxes in Canada is a civic responsibility so you can contribute to public services. Understanding tax credits and deductions can save you a lot. Knowing the deadlines, payment options and common mistakes can make tax time...

Being self employed can be amazing, so much freedom and flexibility that traditional employment can’t offer. But with that freedom comes the responsibility of dealing with your own taxes. Freelancers and entrepreneurs have unique tax challenges but with the right...

Inheriting money or property can be a mixed bag. While it’s a windfall, it also comes with a whole lot of tax implications that can be overwhelming. Understanding Canadian inheritance tax laws and the stance of the Canada Revenue Agency...

Understanding personal tax, especially Canadian income tax, is key to making smart financial decisions and reducing tax. This tax accountant guide will cover taxable income, tax credits and deductions, tax planning, optimization and compliance – all the main parts of...

Life is full of big changes that can have a big impact on your finances and taxes, including your tax return. From marriage to divorce and having a child, these events have tax implications that affect everything from your deductions...

Investing outside of Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs) can be a bit of a minefield but it’s a big part of financial planning. We’ve brought in an expert from Tax Warriors of Toronto to help...

Introduction Foreign income and assets are tricky – even for the financially literate. Unlike domestic investment income which follows a simple tax framework, foreign income follows multiple tax jurisdictions. Tax laws, double taxation and complex reporting requirements demand expert advice....