1. Reassessment by the CRA When the CRA identifies discrepancies in your tax return, they may initiate a reassessment. This process involves a thorough review of your tax filings and can lead to: 2. Penalties The CRA imposes various penalties depending on the nature and severity of the error. 3. Read more…
How to Keep Audits Away from Your Business Nobody likes audits. They’re a headache, take up a ton of time, and can even cost you money if things go sideways. The good news? Most audits aren’t random. They’re triggered by stuff you can actually control. Let’s talk about how you Read more…
Hey there, Ontario friends! If you’re making a good amount of money (go you!), you might be wondering how to keep more of it in your pocket and give less to taxes. Don’t worry; we’ve got some simple tips for you. Let’s dive in! 1. RRSPs: Your Best Friend Ever Read more…
Mental and physical health are important to leading a rich and happy life. Doctors say getting regular exercise can combat health conditions and diseases, improve moods and energy levels all while helping you get a better sleep. Doctors are trying a new prescription to support mental health and physical health. Read more…
A common question asked by clients is “How do I LOWER my taxes at YEAR END?” Steve will break down 3 TIPS for lowering your taxes at year end by USING INVESTMENTS! These are HUGE YEAR-END TAX SAVING TIPS in CANADA that will Minimize YOUR Tax Bill, Maximize YOUR Tax Read more…