Tax Blog

What Happens If I Can’t Pay My Tax? The Consequences Explained Looks like you owe the CRA some cash, but you just can’t pay right now. Don’t panic. We’ve all been there. Before you start stressing about jail time (spoiler alert: it’s very rare), let’s break down exactly what happens when you can’t pay your […]

Are Dental Implants Tax Deductible? The Definitive Answer Craving that perfect smile but worried about the cost? Dental implants can feel like a luxury, but did you know they might actually be tax deductible? We’re here to clear the confusion and help you uncover those hidden savings. In this definitive guide, we’ll break down: The

Can You Claim Massage Therapy on Your Taxes? Your Tax Questions Answered Ever caught yourself daydreaming about deducting those heavenly massage sessions from your taxes? Well, wake up and smell the tax breaks because it might just be possible. But, like all good things in life (and taxes), there’s a catch – or two. In

How to Sell Gold Without Paying Taxes: Insider Tips Do you think selling your gold means a hefty tax bill? Think again. In Canada, it’s absolutely possible to sell your gold without getting slammed with taxes. We’re talking about keeping more of your hard-earned profits in your pocket – where they belong. In this guide,

What Is the BC Renter’s Tax Credit? (and How to Claim It?) Tired of seeing your hard-earned cash disappear into rent payments? We feel you. The cost of living in BC can sting, but did you know there’s a little something called the BC Renter’s Tax Credit that could put some of that money back

Are Taxes in Canada High? Let’s Break It Down Taxes are the unavoidable part of life that everyone loves to complain about. But when it comes to Canada, is the griping justified? Are taxes really that high? Let’s break down the facts and ditch the fiction. In this article, we’ll cover: Understanding Canadian taxes: a

Toronto’s Vacant Home Tax: Declaration, Deadlines, Exemptions, and Penalties Do you think your empty Toronto home is just sitting there, minding its own business? Think again. In the heart of Toronto, leaving a residential property vacant might cost you more than you think. We’ll break down everything you need to know about the city’s Vacant

What Does Tax Refund RIT Mean? Your Questions Answered Surprise deposit in your bank account? If it’s labelled “RIT,” you’re not alone. We’ve got the answers about this mysterious acronym and what it means for your hard-earned cash. Here’s the scoop on what we’ll cover: What RIT actually stands for (hint: it’s not rocket science)

Does Bankruptcy Clear Tax Debt in Canada? Here’s What You Need to Know Drowning in tax debt? Wondering if bankruptcy is the lifeboat you need? It’s a common question, and the answer might surprise you. Bankruptcy isn’t a magic eraser, but it can be a powerful tool for a fresh financial start – even when