Blog

The Voluntary Disclosure Program to the Rescue

CRA’s Voluntary Disclosure Program Sometimes taxpayers make mistakes with their annual tax filings. These mistakes come in many forms: an omission, an understatement, a misclassification of an income, an information return left unfiled, or perhaps the tax advisor may have inadvertently misinterpreted the Income Tax Act. The examples are endless. A second chance Taxpayers who find themselves in these types of stressful

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The Rental Property – Personal or Corporate Ownership?

Should rental properties be held personally or in a corporation? With the real estate in such high demand in Vancouver, Canada, many Vancouverites are buying investment properties either to generate rental income and/or participate in capital appreciation. The dilemma commonly faced is whether or not the rental unit(s) should be held personally or in a corporation? Personal ownership makes more

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