Did you sell your principal residence in 2016? If so, you must disclose this within your tax return. Failure to do so can result in a penalty of $100/month to a maximum of $8,000, and a potential capital gains assessment.
Read MoreTeachers… are you aware that as an eligible educator, you can claim up to $1000 of eligible teaching supplies on your 2016 tax return?
Read MoreFor those of you with business income, don’t be fooled by the June 15 filing deadline. If you owe money to CRA, you actually must pay by April 30 to avoid late filing charges!
Read MoreWhen gathering your t slips and receipts for your tax return, have you ever found receipts that were missed related to prior tax years? For example, if you find RRSP receipts from 2015, you cannot just add them in your 2016 return and be done with it. You must re-file your prior year, and elect […]
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