Canadian tax podcast for the week of 24 March 2021. This week we cover: Headlines; Home office / T777S; Self-employed GST/HST; When to claim forex gains/losses; Show notes for the week: [INTRO]: “This is the Canadian Tax Podcast, Episode # 004,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the […]

This week on Canadian Tax Podcast, we cover: A tax payer with an $8mil tax bill; 800,000 Canadians locked out of MyAccount; New guidance on incorrect CERB T4A’s Listener questions on CEBA, accrual/forex for self employed, and Subcontractor expenses on the T2125; (Show notes below) Thanks for listening. If you have any questions you’d like […]

This episode continues the 2020 Tax Season Special Series, where Canadian Tax Podcast answers random questions related to the 2020 tax filing season. This episode covers T5008’s in more detail, specifically: What to do when you have a million T5008’s issued; Why you can’t always rely on your broker gain/loss report; Link to Chen case […]

Canadian Tax Podcast for the week of March 8th, 2021. In this episode we cover: Filing deadlines; Issues with CERB/CRB T4A slips; Still no Federal budget; Listener question: CCA Allowance on rentals; Listener question: Mortgage approvals – Should a person go for high income/high tax or low income/low tax when it comes to mortgage applications […]

Continuing with our 2020 Tax Season Special, where Canadian Tax Podcast answers random questions related to the 2020 tax filing season. This episode covers: Section 85 Rollover / PSB issues; Doing contract work for a US company; Quick commentary Jamie Golombek’s article here covering RRSP’s vs TFSA; Thanks for listening, and if you have any […]

With Feb 22nd being the start of Tax Season 2020, I thought it would be a good idea to just start answering questions via “Tax Season Specials.” In this episode I cover: Entering T3 slips on a T2; Having CRA store your records, and why that’s a bad idea; Incorrect T5008 and what to do; […]

This episode covers the new home office criteria for the 2020 Tax Year, and details: The Detailed Method; The new “Simplified Detailed Method”; The $2/Day Flat-Rate method; Thanks for listening, and if you have any questions send them to [email protected] Usual Disclaimer: This information is for general information purposes only, and deals with complicated and […]

The Internet told me that an Episode Zero is where I’m supposed to tell about what this Podcast is all about. Okay then. The Canadian Tax Podcast is a weekly show that provides commentary, tax updates, tips, and resources, for your average Canadian and Canadian business. CRA and the Big Banks are terrible at this […]