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Flipped Property

If a person sold a property (residential or commercial) less than 1 year after ownership, it is considered a “flipped property”, which carries significant tax implications.  ] One tax implication

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Entering or Leaving Canada?

Are you entering Canada for the first time and plan to reside here for more than half a year?  Or are you leaving Canada to reside in another country?  Here

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Disability Tax Credit

The disability tax credit (DTC) to available to someone who meets certain criteria under the Income Tax Act.  The credit may also be transferred to another person in certain circumstances. 

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CRA Audit of Past Tax Returns

CRA may reassess the tax returns for CCPCs and individuals within three years from the sending of the notice of assessment. Returns for which this three year period have expired

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