Blog Archives

Declaring Bad Debt

You’ve probably heard the term before but you might not know what it means.  Investopedia says: A debt that is not collectible and therefore worthless to the creditor. This occurs after all attempts are made to collect on the debt.

Posted in taxes

CRA’s Voluntary Disclosure Program: How to Avail the Benefit

Are you a Canadian and have you not filed your income tax return due to some reason? The Canada Revenue Agency (CRA) conducts a specific program called voluntary disclosure, exclusively for the benefit of Canadians like you. Under this program,

Posted in taxes