by Roberto Belingueres | May 15, 2021 | Advisory, Articles & Publications, Taxes
Time to tidy up your finances. As the tax-filing season ended on April 30th after a year that was upended by the pandemic, financial pros suggest investors take stock of their financial position and do a little spring cleaning. While portfolio and financial management...
by Roberto Belingueres | May 12, 2021 | Articles & Publications, Taxes
About hobbies and side hustles You may think it is just a hobby, but CRA may disagree. CRA wants its fair share if you earn money through a little side hustle, business activity, or another extra gig. The agency believes many tax dollars in the past may have gone...
by Roberto Belingueres | Apr 22, 2021 | Articles & Publications, Covid, Taxes
Budget 2021: What’s missing? The Liberal government has laid out billions in fresh spending after over two years without a federal budget — and while many of the government’s recent pledges graced its pages, others were notably absent. It’s possible some policies were...
by Roberto Belingueres | Apr 21, 2021 | Articles & Publications, Taxes
On April 19, 2021, Deputy Prime Minister and Finance Minister Chrystia Freeland tabled in the House of Commons the Liberal Government’s first federal budget in more than two years, A Recovery Plan for Jobs, Growth, and Resilience (Budget 2021). Budget 2021 contains...
by Roberto Belingueres | Mar 16, 2021 | Accounting, Articles & Publications, Audit, Taxes
10 red flags that could lead to a CRA audit Audits can stem from things you do — or don’t do — when filing your tax return. Typically, the tax agency will send out about 30,000 letters a year letting Canadians know they’re being audited. While that’s just a...
by Roberto Belingueres | Feb 18, 2021 | Articles & Publications, Covid, Taxes
As tax season begins, Canadians are faced with filing for an unprecedented year – job losses, federal financial aid, and working from home are just some of the major adjustments made over 2020. The Canada Revenue Agency (CRA) has listed all the deadlines for the...
