What to do if Canada Revenue Agency (CRA) is garnishing your wages
If you’ve received a garnishment notice from the Canada Revenue Agency (CRA), you’re not alone—and you’re not out of options. Garnishment is one of the tools the CRA uses to collect unpaid tax debt....
View ArticleBefore You Call CRA: Read This First
Why It’s So Hard to Reach CRA—and How to Make the Most of Your Call If you’ve ever had to call the Canada Revenue Agency (CRA), you know it’s not exactly a quick phone call. Between the endless hold...
View ArticleFile On Time Even If You Can’t Pay
As we approach one of the biggest tax filing days of the year* and tension rises, it’s time to remind everyone of one important thing: Even if you can’t afford your tax bill, you really, really, really...
View ArticleWhy Good People File Taxes Late | Filing Back Taxes
You may be feeling guilty or ashamed about filing late returns going back a few years, but there’s probably a good reason you fell behind. Why Do People File Late? It starts with the first one... Lots...
View ArticleShould I keep my GST/HST number?
Q: Should I keep my GST/HST number even though I earn well below the $30,000 threshold? I registered for the GST/HST for self employment back when I was a full time performer. But have now I only do a...
View ArticleAvoiding Tax Shocks: Why I File Conservatively (Mostly)
Coming home from Mexico, where it was a balmy 27°C, to an overnight snowfall here in Canada was a bit of a shock to the system. Most people prefer life with as few shocks as possible—and I’m no...
View ArticleFalling Behind In Your Taxes Doesn’t Make You A Bad Person | Filing Back Taxes
Here at Bonaventure Personal Tax Advisors, we serve a lot of new clients who come to us having fallen several years behind on their income tax filing. It's some of the most deeply rewarding work we do,...
View ArticleHow to declare income when you invoiced in one year but got paid in another.
Q: I did some work in December and sent out an invoice that got paid in January. Do I have to declare the income in the year when I billed, or in the year when I got paid? A: There are two ways of...
View ArticleWhat to Do If You Can’t Access Your CRA My Account
What is My Account? My Account is the online system CRA uses to give taxpayers access to their tax accounts. Many Canadians rely on CRA My Account to view tax slips, check notices of assessment, and...
View ArticleHow Do I Pay If I Owe Income Tax in Canada?
You can pay your taxes, in whole or in part, when you file your return, or you can wait until after you receive your Notice of Assessment. Payment On Filing - via Online Banking* If you want to pay...
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