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Establishing a psychotherapy practice in Ontario can be both a rewarding and challenging endeavor. As the demand for mental health services continues to rise, the opportunities for qualified professionals to offer support and guidance to those in need
Read MorePsychotherapists who operate their practices through professional corporations (PCs) in Ontario regularly face an important decision: whether to withdraw profits as salary or as dividends. This choice has a direct impact on your total tax bill—especially with the
Read MoreA January 6, 2026 Tax Court of Canada case reviewed assessments of unreported revenues of over $6.4 million over two taxation years, 2013 and 2014. These amounts were determined through bank deposit analysis by CRA. Over $1.7 million
Read MoreAs a Registered Psychotherapist (RP) in Ontario regulated by the College of Registered Psychotherapists of Ontario (CRPO), many of you begin your private practice as a sole proprietor. It’s simple to set up and requires minimal paperwork. However,
Read MoreAmounts paid to a non-resident as rent for the right to use property in Canada, including rent for the use of residential real estate, are generally subject to withholding tax. Such amounts must be remitted to CRA.Recent legislative
Read MoreA July 25, 2025 Federal Court case found that CRA s denial of penalty tax relief on excess TFSA contributions was reasonable. Due to the loss of value in the taxpayer s TFSA, the taxpayer could not withdraw
Read MoreThe voluntary disclosures program (VDP) provides taxpayers with a chance to correct past tax errors or omissions before CRA finds them. If CRA accepts a disclosure, taxpayers may receive some penalty and interest relief and will not be
Read MoreThe government has proposed to provide GST relief on the purchase of new homes valued at up to $1.5 million by first-time home buyers. Eligible purchases would be entitled to a 100% GST rebate on homes valued at
Read MoreEffective November 3, 2025, most new CRA business number registrations, including adding new program accounts to existing business numbers, must be done online through CRA’s Business Registration Online (BRO) system. Calls to the CRA business enquiries phone line
Read MoreDecember 31, 2025 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation. 1) In 2024, the government proposed
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