News Room

Opportunity: Canadian Dollar Stabilizes, Somewhat

Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.  

Voluntary Compliance Can Mitigate Risk

CRA wants to remind you that fessing up can be profitable.

National Steering Committee on Financial Literacy Call for Members

Are you interested in strengthening Canadians’ financial literacy?

Requirement vs. Choice: It’s the Crux in Claiming Commission Sales Expenses

In order to be eligible for a deduction for sales or travel expenses under subsections 8(1)(f) and (h) of the Income Tax Act, taxpayers must show that they worked on a commission-based income.

Evelyn Jacks: Ostriches Aren’t Smart; Tax Penalties Are Expensive

Well it's that time of the year again. . .tax audit season. The ostrich approach is one way to cope, but not the smartest. 

Q and A: Setting Up Business in the U.S.

The U.S. has a number of different business structures available when conducting your affairs in the U.S., whether your business is rental property or operating a viable small business.

Employee Stock Options

An employer may provide its employees the opportunity to purchase shares in the employer’s corporation at some future date, but at a price that is the current market price when the option is granted (the exercise price).
 
 
 
Knowledge Bureau Poll Question

Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?

  • Yes
    342 votes
    69.8%
  • No
    148 votes
    30.2%