Understanding Your CRA Notice of Assessment Receiving a notice of assessment from the Canada Revenue Agency (CRA) can be an anxiety-inducing moment, especially if it states that you owe tax you believe you've already paid. However, before succumbing to panic, it's crucial to understand the nuances of the assessment process and how to effectively [...]
How to avoid owing tax and get a refund instead Q: I work two jobs and I always owe tax at the end of the year. I feel like I'm getting punished for hard work. How do I make it so I get a refund instead of owing tax each year? A: That is a [...]
It's a terrible experience: you go to your tax preparer with your hopes high, and you get handed an income tax bill. It's even worse when your income has dropped in the past year, or was modest or even low. How can you owe tax? The problem is that an income tax bill isn't necessarily [...]
