Tax Tips and Traps

This quarterly newsletter provided by Video Tax answers common tax questions and provides updates pertaining to Canadian tax laws.Q2_Tax_Tips___Traps.pdf


What to do when you can’t pay your tax bill

While receiving a refund is the best possible outcome, the worst-case scenario for all taxpayers is to find out that they are faced with a large tax bill and an...


What to expect when you hear from the Canada Revenue Agency

A call from CRA is daunting. Here's what to expect.


Avoiding (or minimizing) the OAS clawback

The OAS program is distinct from other sources of retirement income in another, less welcome way, in that it is the only such income source for which the federal government...


Capital Gains Exemption for Corporate Interests: Newsletter

Looking for information on the Capital Gains exemption for your small business; or farm or fishing property?


2023 Federal Budget Commentary

Federal budget commentary available now.


UHT Penalties and Interest Waived

More information is available at the Government of Canada webpage.


Claiming a deduction for union or professional dues

One often-overlooked claim is payments made during the taxation year for annual union, professional, or similar dues. It’s a particularly beneficial claim since the expenditure in question is one which...


What’s new on the tax return for 2022?

New in tax return filing - what changes are in effect for the latest T1 form?