by Jeff KirshenThe Tax Implications of Running a Personal Services Business
A Personal Services Business is a business that is being run by someone who is basically working as an incorporated employee. They would normally be...
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by Jeff KirshenAssigning Property and the GST/HST Implications
Assigning a property is selling the property before you even own it. So you are just selling the contract which contains the right to close on the...
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by Jeff KirshenWhat is a Clearance Certificate for an Estate?
A Clearance Certificate is a certificate that is issued by the Canada Revenue Agency (CRA) and confirms that all amounts owing to the CRA by a deceased...
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by Jeff KirshenFiling a Taxpayer Relief Application with RC4288
Have you been charged penalties or interest on an outstanding debt owing to the Canada Revenue Agency (CRA)? Many people find that themselves in this...
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by Jeff KirshenHow Does the CRA Obtain Information when Auditing?
The average taxpayer is unaware of how the Canada Revenue Agency (“CRA”) may obtain information from them. This blog post will provide an overview on how...
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by Jeff KirshenWhat is Specified Foreign Property?
Specified Foreign Property are assets held outside of Canada. The threshold for reporting to the CRA on a T1135 form is if the property that you have held...
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by Jeff KirshenWho Can be Claimed as a Dependent?
Eligible dependents are normally your closest relatives. As much as we love to care for our loved ones, it can be expensive, so it’s nice to know that there...
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by Jeff KirshenHow to Survive an Audit
The thought of being audited is dreaded by most taxpayers. This fear stems from being unprepared. Often, tax returns are mismanaged, receipts are lost, and...
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