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Check out our Tax Tips with The Mad Accountant

1403, 2024

TTT: Don’t Trust the CRA Download!

March 14th, 2024|Radio|Comments Off on TTT: Don’t Trust the CRA Download!

The Canada Revenue Agency offers an automatic tax filing service called Auto-File. It has some requirements, but they have made it very accessible. Unfortunately, it doesn't always work as intended. One unlucky Quebec resident ended up owing $70,000 due to a technical mishap. Save yourself the trouble!

703, 2024

TTT: Bare Trusts and Trust Returns

March 7th, 2024|Radio|Comments Off on TTT: Bare Trusts and Trust Returns

Do you know what a Bare Trust is? Do you have one? Are you eligible for one? The requirements and criteria for these have changed significantly recently, and you might just be surprised.

2202, 2024

TTT: Remittances, Instalments, and Collections 2024

February 22nd, 2024|Radio|Comments Off on TTT: Remittances, Instalments, and Collections 2024

Did you know that the CRA can seize your assets if you don't pay them your taxes owing? They give you some time and it doesn't happen right away, but you can't bury your head in the sand about it.

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