LATEST TAX TIP ARTICLES

Tax processing core process - rental properties owned by non-tax residents As a non-resident for tax purposes, your rental income in Canada is subject to federal tax (not provincial tax). Filing your taxes involves the following two steps: 1. A 25% withholding tax will be levied on the gross rent (to be paid monthly on time). Procedure : Your tenant or property manager is required to withhold 25% of the total rental income each month after receiving the rent and submit it to

The economic environment is bad, the company has no business, and you just want to submit a simple "zero declaration"? So you downloaded a paper form online, filled in "zero income," found a CRA address, affixed a stamp, and mailed it. You thought: "I've saved on tax filing fees again; filing myself is so convenient!" A few months later, you received a letter. Opening it, you found a fine notice for over $1000 . You were stunned. The company hadn't made a single penny, so why

Popular keywords: #CRA audit #Canadian taxation #tax penalty #gig income #cryptocurrency tax filing Over the past two years, the Canada Revenue Agency (CRA) has quietly acquired the most terrifying enforcement powers in modern Canadian tax history . ✅ You can directly contact your spouse, employee, or accountant to request information; a court order is not required. ✅ You can freeze your reassessment window and review it for as many years as you want. ✅ Fines have skyrocketed

The Canadian government has made a big change that affects many property owners. On March 26, 2026, Bill C-15 received Royal Assent. This bill cancels the Underused Housing Tax (UHT) starting with the 2025 tax year. If you own property that was affected by this tax, you no longer need to file a return or pay the tax for 2025 and beyond. This change brings relief to many homeowners and investors. But what exactly does it mean for you? Let’s break down the details and what you