Did You Receive a Notice of Reassessment from CRA? Here’s What to Do
Filing your tax return doesn’t always mean the process is over. Sometimes, the Canada Revenue Agency (CRA) reviews your return and issues a Notice of Reassessment — a formal document indicating that they’ve made changes to what you originally filed.
Missed the tax deadline? here’s some good news!
April 30, 2025 is the CRA’s official deadline to submit your 2024 personal tax return (T1). If you haven’t filed or paid yet, this is your last chance to act without facing penalties or interest charges. Do You Need to
T4 vs T4A: Understanding the Difference and Choosing What’s Right for You
As more Canadians explore freelancing, gig work, and side hustles, a common question arises during tax season: Should I receive a T4 or a T4A? Understanding the difference can help you make informed decisions about your employment status, financial planning,
Avoid CRA Penalties: What You Must Do Before April 30, 2025
As the 2025 tax season nears its final stretch, it’s crucial to stay on top of your obligations to avoid unnecessary financial penalties and interest. The Canada Revenue Agency (CRA) has set April 30, 2025 as the final deadline for
Maximize Your Deductions: Claiming Motor Vehicle Expenses with the CRA
As a Canadian taxpayer, you may be eligible to claim motor vehicle expenses if you use your vehicle for business purposes. The Canada Revenue Agency (CRA) requires detailed records to support your claims, so understanding the rules can help you
Canada Disability Benefit: Eligibility, Payments, and What You Need to Know
The Canada Disability Benefit (CDB) is a forthcoming federal initiative designed to provide financial assistance to low-income Canadians with disabilities, aiming to reduce poverty and enhance financial security among eligible individuals. Payment Schedule The inaugural payment period for the CDB