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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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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