The “Last and First Rule” for Public Holiday Pay
In Canadian employment law, the “last and first rule” helps determine whether an employee is eligible for public holiday pay. This rule considers whether the employee worked their last regularly scheduled shift before the holiday and their first regularly scheduled shift after the holiday—or had reasonable cause for missing either. Key Concepts 1. “Regularly Scheduled […]
What Is a Payroll Account?
What Is a Payroll Account? A payroll account is a specific type of account number issued by the Canada Revenue Agency (CRA) to employers, trustees, or anyone paying employment-related amounts (such as salaries, wages, bonuses, or taxable benefits). This account is used to report and remit payroll deductions including income tax, Canada Pension Plan (CPP) […]
Canadian Refundable Tax Credits 2025
Title: An In-Depth Exploration of Canadian Refundable Tax Credits in 2025 Unveiling the intricate landscape of Canadian refundable tax credits in the year 2025, this comprehensive guide delves into the nuances and implications of this crucial aspect of the Canadian tax system. Detailed analysis and explanations equip readers with the knowledge needed to navigate and […]
How to Report Self Employment Income in Canada
How to Report Self Employment Income in Canada Navigating self-employment in Canada? You’re not alone in feeling overwhelmed by tax reporting! I’ll guide you through simplifying the process of declaring your self-employment income. Expect practical steps and key deadlines to keep you penalty-free. Let’s ensure your earnings are reported accurately and efficiently. Self-employment in Canada […]
How to Secure CRA Relief for Penalties & Interest
How to Secure CRA Relief for Penalties & Interest Dealing with CRA penalties can disrupt your peace of mind.It’s a common stumbling block for many.In this post, you’ll discover how to effectively approach CRA to request relief from penalties and interest.From when to make the request to crafting your appeal, we cover it all.Dive into […]
Tax Filing Deadline 2025 Canada: Key Facts
Tax Filing Deadline 2025 Canada: Key Facts Tax season is often met with a collective groan across Canada.Why? Because staying up-to-date is always a challenge.For 2025, let’s tackle this challenge head-on together.I promise to arm you with all you need to meet the tax filing deadline, stress-free.Keep reading for key dates, organizational tips, and my […]
Get access to My Account with a single sign in!
Get access to My Account, My Business Account, and Represent a Client with a single sign in! This tax season, the Canada Revenue Agency (CRA) has simplified its sign-in process, making it easier to access the My Account, My Business Account, and Represent a Client portals with a single sign in. We are prioritizing improvements […]
Tax season starts February 19, Be ready to file your tax
Tax season starts February 19, and here’s what you need to know Filing your tax return every year allows the Canada Revenue Agency (CRA) to determine your entitlement for a refund and benefit and credit payments. These payments put money in your pockets and can help you stretch your budget. This year, you can start […]
How to Pay Yourself as a Business Owner
Managing personal compensation as a business owner in Canada demands a comprehensive understanding of the intricate financial and tax landscape. Determining an appropriate salary and exploring diverse payment methods involve navigating complex tax and legal considerations. In this blog post, we will provide you with a guide on how to pay yourself as a business […]
US Citizens Who Are Residents of Canada Should Take Note
In a decision dated July 13, 2023, Gwendolyn Louise Deegan v. Attorney General of Canada, et al., the Supreme Court of Canada has dismissed an application for leave to appeal filed by the appellant challenging the constitutionality of Part XVIII of the Canadian Income Tax Act. The Foreign Account Tax Compliance Act (FATCA) is a 2010 US anti-tax-evasion […]