Home/Tax Education/Inside CRA

Avoiding 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 different. That’s one of the reasons I’m a mostly conservative tax preparer. Here’s the thing: the CRA [...]

November 17th, 2025|

Inside CRA: The Difference Between Interest and Penalties

Believe It or Not, They’re Not the Same When it comes to dealing with the Canada Revenue Agency (CRA), timing matters — both for filing and for paying. Missing a deadline can lead to financial consequences, but many people confuse penalties and interest, or assume they mean the same thing. Understanding the difference can help [...]

October 17th, 2025|
Go to Top