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.
TFSA: Canada’s Most Overlooked Tax Break
When it comes to tax planning, most Canadians don’t have a long list of deductions or credits to rely on. But there is one powerful tool that almost everyone can use…
New CRA Procedure: Legal Representative Online Access for a Deceased Person
A legal representative is the person authorized to handle the tax affairs of someone who has passed away, usually the executor named in the will or a court‑appointed administrator.
Set Up Your CRA Account
Creating a CRA My Account makes it much easier to manage your personal tax and benefit information online. You can sign in using…
Tax Changes & Updates: What to Know for 2025-2026
Tax rules continue to evolve, and staying ahead of the changes can help you save money—and avoid surprises. Below is a simple breakdown of key updates that may affect your…
Moving Expenses & Travel Distance: A Recent Court Case You Should Know About
If you’re planning to claim moving expenses, a recent Tax Court of Canada decision offers…
Are Clothing Purchases Deductible for Commissioned Employees? A Recent Court Case Says No
Many commissioned employees wonder whether they can deduct the cost of clothing they buy for work—especially when their job requires them to look polished and professional. A July 30, 2025 Tax Court of Canada decision offers a helpful reminder of how strict…
CRA Direct Deposit Information: How to Update Your Details
Keeping your direct deposit information up to date with the Canada Revenue Agency (CRA) is essential for receiving timely payments, including tax refunds and benefits. However, recent changes to CRA’s…
CRA Expands Online Mail Delivery: What Individuals Need to Know
The Canada Revenue Agency (CRA) has significantly expanded its use of online mail, affecting how individuals receive tax-related correspondence. These changes reflect CRA’s broader digital strategy and carry important…
Changing Support Agreements: When Spousal Support Becomes Child Support
When it comes to support payments following a separation or divorce, the distinction between spousal support and child support is…
TFSA Excess Contributions: When Decline in Value Traps Taxpayers
A Federal Court decision on July 25, 2025 upheld CRA’s denial of penalty tax relief for excess TFSA contributions—even when the taxpayer couldn’t…
CRA Transition to Online Mail for Business Accounts
The Canada Revenue Agency (CRA) has introduced a major change in how it communicates with business owners. As of Spring 2025, online mail is now the default method for delivering most correspondence related to…
Voluntary Disclosure Program (VDP): What’s New as of October 1, 2025?
The Voluntary Disclosures Program (VDP) from the Canada Revenue Agency (CRA) offers taxpayers a chance to correct past tax mistakes before CRA identifies them. If accepted, the disclosure can lead to…
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..