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Posts by TAX4 LESS.CA

Canadian taxpayer worried about CRA tax debt with past-due notices, calculator showing ‘TAX DEBT’, and Tax4Less.ca advisor offering professional help to reduce CRA owing

How to Make My CRA Owing Go Away- there’s no statute of limitations

4 January 2026 TAX4 LESS.CA
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Finance, Individual, Tax credits and benefits for individuals

If you owe money to the CRA, you might think time is on your side, but that’s a dangerous misconception. In Canada, there’s technically a 10-year limitation period for collection, but your debt doesn’t just disappear. Ignoring it or waiting it out can lead to mounting interest, penalties, and stress. Discover the truth about CRA tax owing, the real implications of the statute of limitations, and the specific circumstances under which CRA debt can be written off. Learn how Tax4Less.ca can help you navigate this complex situation and find a legal path to resolution.

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Canada Child Benefit for temporary foreign workers showing Canadian flag, children, coins, piggy bank, and calendar representing financial support and timing of benefits.

How Temporary Foreign Workers Can Claim Canada Child Benefit (CCB)

2 January 2026 TAX4 LESS.CA
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Finance, Individual, Tax credits and benefits for individuals

Are you a temporary foreign worker in Canada wondering if you qualify for the Canada Child Benefit (CCB)? This financial support can provide you with monthly tax-free payments to help with the costs of raising your children. In our comprehensive guide, we break down the eligibility requirements, application process, and how to maximize your benefits. Learn how Tax4Less can simplify your application and ensure you receive the full support you deserve. Don’t miss out on this opportunity to ease your financial burden—read on to discover how you can claim the CCB today!

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New CPP changes in 2026 showing Canadian flag, retirement savings, and Toronto skyline representing increased Canada Pension Plan benefits for seniors.

Canada Pension Plan (CPP) Changes Starting 2026 — What Seniors and Future Retirees Need to Know

1 January 2026 TAX4 LESS.CA
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Individual, Tax credits and benefits for individuals

As we approach 2026, significant changes to the Canada Pension Plan (CPP) are on the horizon, impacting seniors and future retirees alike. Understanding these adjustments is crucial for anyone planning their financial future. From increased benefits to new eligibility criteria, the upcoming reforms could reshape how you prepare for retirement. Are you ready to navigate these changes? Discover what you need to know to ensure your retirement plans remain on track. Don’t miss out on vital information that could affect your financial security in your golden years—read on to learn more about the CPP changes and how they may benefit you!

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Ontario tenant and landlord rights explained under Bill 60, including eviction rules, tenant protections, and new landlord powers in Ontario

New Tenant and Landlord Rights in Ontario — What Bill C-60 Means for Renters, Landlords, and REALTORS®

23 December 2025 TAX4 LESS.CA
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Individual

Ontario's rental housing landscape is evolving with the introduction of Bill 60, bringing significant changes to tenant rights and landlord powers. This comprehensive legislation aims to streamline processes at the Landlord and Tenant Board, addressing long-standing delays while shifting the balance of rights and responsibilities. Tenants will need to navigate faster eviction timelines and stricter procedural requirements, while landlords gain enhanced enforcement capabilities. Understanding these changes is crucial for all parties involved—tenants, landlords, and REALTORS® alike. Dive into our article to explore how Bill 60 impacts you and what steps you should take to adapt effectively.

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Personal Real Estate Corporation (PREC) guide for Ontario REALTORS explaining what a PREC can and cannot do, naming rules, tax benefits, and compliance requirements

PREC for REALTORS® in Ontario: What You Can (and Cannot) Do — and How to Set It Up Properly

21 December 2025 TAX4 LESS.CA
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Finance, Incorporation, Individual, Uncategorized

Are you an Ontario REALTOR® looking to maximize your income and navigate the complexities of Personal Real Estate Corporations (PRECs)? With rising tax rates and strict regulations, understanding what a PREC can and cannot do is crucial. From tax advantages to naming rules, our comprehensive guide covers everything you need to know to set up your PREC properly. Avoid costly mistakes that could lead to penalties or lost tax benefits. Discover how TAX4LESS.CA specializes in creating tailored solutions for REALTORS® like you, ensuring your PREC is structured for success. Don’t leave your financial future to chance—read on!

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Illustration showing common crypto and DeFi tax traps for Canadians in 2025, including taxable bridging, staking rewards, wallet-to-wallet misconceptions, lost crypto assets, and CRA audit risk

Crypto & DeFi Tax Traps Canadians Are Still Falling for

19 December 2025 TAX4 LESS.CA
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Business Tax-Individual, Corporations Business Tax, Crypto, Finance, GST/HST

Crypto taxation in Canada has evolved, yet many taxpayers remain unaware of the complexities involved. In 2025, the Canada Revenue Agency (CRA) is focusing on how crypto is used, exposing Canadians to costly tax traps. Misunderstandings around bridging tokens, staking rewards, and wallet transfers can lead to significant penalties. Beliefs like “no cash out = no tax” are increasingly risky. This article reveals the most common pitfalls and how to navigate them, ensuring you stay compliant and avoid audits. Don’t let misconceptions cost you—understand the nuances of DeFi taxation today!

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Illustration showing a Canadian family home with parents as beneficial owners and a child listed on title for mortgage purposes only, explaining how a bare trust can prevent capital gains tax.

Name on Parents’ Property for Mortgage Only?How a Bare Trust Can Rescue You from Capital Gains Tax

19 December 2025 TAX4 LESS.CA
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Individual

Are you considering adding your child's name to your property for mortgage purposes? While this may seem like a straightforward solution, it can lead to unexpected capital gains tax implications. The Canada Revenue Agency (CRA) may view your child as a property owner, regardless of your intentions. This is where a bare trust can be a game-changer, protecting you from tax liabilities. Discover how to structure a bare trust correctly, the importance of proper documentation, and the potential risks of not addressing this issue. Don't let a simple arrangement turn into a costly mistake—read on to learn more!

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Ontario pre-construction condo illustration showing legal exit options for buyers, including builder breach of contract, PDI issues, outside occupancy dates, and when to consult a lawyer

Pre-Construction Condo Market in Ontario (2025):

17 December 2025 TAX4 LESS.CA
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Business Tax-Individual, Finance, Individual, Payroll

Navigating the Ontario pre-construction condo market can be daunting, especially with rising interest rates and extended delays. Many buyers are left wondering if they can exit their agreements without facing penalties. This article uncovers the legal avenues available to buyers, highlighting common builder mistakes that can create opportunities for termination. From understanding the critical Statement of Critical Dates to knowing when to involve a lawyer, we provide essential insights to empower buyers. Don’t let unexpected challenges derail your investment—discover how to protect your rights and financial interests in this shifting landscape.

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CRA Matching Program 2025 illustration showing how the CRA detects undeclared income through data matching, tax slips, and third-party reporting in Canada

How Undeclared Income Is Actually Being Caught:CRA Matching Program 2025

15 December 2025 TAX4 LESS.CA
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Individual, Payroll

In 2025, the Canada Revenue Agency's Matching Program has transformed the way undeclared income is detected, making outdated assumptions like “CRA won’t notice small amounts” a costly gamble. This automated system compares your reported income against third-party data, flagging discrepancies that could lead to reassessments months or even years after filing. With data from employers, banks, payment processors, and even crypto exchanges, the CRA is more equipped than ever to catch unreported income. Discover how this program works and what you can do to protect yourself from unexpected penalties and interest. Don’t wait—learn how to file accurately today!

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Infographic explaining how reverse mortgages work, showing example loan balance growth, costs, borrower obligations, and key considerations for homeowners aged 55 and older.

Reverse Mortgages: The Real Costs, Conditions, and What Happens When Equity Runs Out

2 November 2025 TAX4 LESS.CA
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Business Tax-Individual, Incorporation, Individual, Tax credits and benefits for individuals

For many older homeowners, a reverse mortgage can be both a lifeline and a risk. It allows you to tap into your home’s value without selling or making monthly payments, but it’s not free money. Understanding the real costs, conditions, and potential pitfalls is essential before signing anything. What happens when your home equity runs out? Discover how a reverse mortgage works, the pros and cons, and when it makes sense to consider this financial option. Don’t let misconceptions drain your wealth—learn how to make your home work for you in retirement.

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