Understanding Taxes Getting Yourself Access To Your CRA My Account & My Business Account Online My Account for Individuals If you have a SIN then you have an account on the CRA website that you can register for access, so that you can login anytime and see the status of your tax situation and returns with the CRA. My Account […]
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Dear Tax Fairy Will You Help Let Other Financially Stressed Canadians Know They’re Not Alone? Have you ever had tax-related worries that keep you up at night? Perhaps you’ve been putting off dealing with the CRA for some time, feeling uncertain, embarrassed, or just plain overwhelmed with years of back taxes to straighten out, correct, clean up, and file. Take […]
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Playing Catch-Up Planning Your New Year's Resolutions: Turning Over A New Money Leaf For The New Year Many people feel a pull to renew their life and make big changes around the new year, with New Year’s Eve being the calendar point that makes people feel THIS year can be completely different than the last. Once you’ve begun to improve […]
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Understanding Taxes Here’s How You CAN Claim Your Pets on Your Taxes Is Your Insta-Famous Cat a Tax Deduction? Yes you can love them, and they are amazing companions, but the CRA won’t generally allow you to claim pet costs on your taxes. Pets are not considered “dependents”, so their medical care (along with the cost of ownership) is considered […]
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Understanding Taxes Did you login to your bank account and see MORE MONEY than you expected? You will only receive your CRA taxpayer benefits deposits, IF you’re up to date with filing your annual tax returns. Listed as EFT Deposit from CANADA as a direct deposit from Canada Revenue Agency benefits office, you can anticipate receiving these types of deposits […]
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Tax Nightmares Need To Fix Your Tax Mistakes, Dispute The CRA Decision, or Request Relief of Penalties? Adjust Previously Filed Returns - Apply to have the CRA include a line by line adjustment (and recalculation of refund amounts), to your previously filed and assessed tax returns. Voluntary Disclosure Program - On previously filed returns, correct mistakes that CRA hasn’t yet […]
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Tax Nightmares What If I Owe Money and Can't Pay? Will I Go to Jail??? While most people will not owe any significant amounts of tax income tax when they catch up on tax filing, not everyone will receive any amounts. Some people will owe income tax (more likely with untaxed earnings like tips or self-employment), or may even owe […]
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Tax Nightmares My Tax Fairy Godmother Origins Story Hi, I’m Debbie. My clients know me as their Tax Fairy Godmother, because I help them go from feeling anxious and depressed about their taxes and financial situation, to feeling confident, making bold moves to improve their lives, reduce debt, and establish a legacy of healthy financial habits. Whether you’re many years […]
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Understanding Taxes Did you know that the CRA pays YOU interest when they make a mistake and it's corrected in your favor, years later? Did you know that the CRA pays YOU interest when they make a mistake and it's corrected in your favor, years later? They also charge you interest on your tax debt due from the filing deadline, […]
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Understanding Taxes BEST time of year to take control of your taxes is outside of tax season You might be surprised to learn that the BEST time of year to take control of your taxes is outside of tax season, from July to December! After two years of helping PALZ who are 5-10 years behind on taxes, a major realization […]
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