Learn how Canadian corporations can hold Bitcoin, Ethereum, gold, silver, and other alternative assets on their balance sheet — including tax treatment, accounting rules, custody, risk limits, and best practices.
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.
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!
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!
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.
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!
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!
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.
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!
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.
