In response to mounting frustration, the CRA has introduced a 100-day Service Improvement Plan running from September 2 to December 11, 2025. This initiative is designed to tackle delays and make it easier for taxpayers to access the help they…
Mistakes happen. Even with the best intentions, it’s easy to overlook income, forget a detail, or make an error when filing your taxes. The Canada Revenue Agency (CRA) understands this, which is why it offers the Voluntary Disclosures Program (VDP).…
But with this added income comes a tax responsibility. How the Canada Revenue Agency (CRA) classifies that income can have major implications for deductions, benefits, and compliance. Income earned from short-term rentals can be considered rental income or business income,…
The measure is being discussed as a way to support households facing ongoing cost-of-living pressures. While the idea has generated excitement, it is important to understand what has been confirmed, who may be eligible, and what steps to take. The…
Many people contribute too much to their TFSA and it isn’t always something you do on purpose. It can happen if you’ve set up automatic deposits and forget to adjust them, or if you’ve got TFSAs at more than one…
The exemption allows homeowners to sell their primary residence without paying tax on any capital gains. However, the Canada Revenue Agency (CRA) has become increasingly vigilant about enforcing reporting rules, as highlighted in a recent Tax Court decision. Since 2016,…
Scammers posing as representatives of the Canada Revenue Agency (CRA) continue to target individuals and business owners with increasingly sophisticated phone calls. These callers often claim you owe taxes, threaten arrest, or even cite legal action if you do not…