Canadians with additional properties face complicated taxes
The CRA could penalize second home owners if they fail to file or make mistakes in completing the forms as well as tax and legal consequences say experts
Source: airdriecityview.com
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Many Canadians spending more than $500 in accounting, legal fees over new tax rules
New requirements to disclose information about trusts and real estate investments to CRA are complex, forcing many taxpayers to seek professional help
Source: theglobeandmail.com
How much are you spending to satisfy the CRA?
Plus, March break freebies and a personal finance take on the benefits of choosing a hybrid vehicle or an EV
Source: theglobeandmail.com
How to get the CRA to butt out of your intergenerational family finances
A power of attorney for property, usually drawn up alongside a will, gives a child or another individual carte blanche access and authority over your assets
Source: theglobeandmail.com
Can you file a tax return for a bare trust on your own?
A do-it-yourself approach to filing a trust return is risky, experts warn, adding that errors could have long-lasting tax and legal consequences
Source: theglobeandmail.com