Avoid This CRA Mistake!
Thousands of Canadians rely on Old Age Security (OAS) benefits in retirement. However, a common and avoidable mistake on your tax return could dramatically reduce or even eliminate your OAS … Read more
CPA4IT Professional Corporation
Court Rejects Class Action That Could Have Reclassified Thousands of Contractors as Employees
In Davidson v. T.E.S. Contracting Services Inc., 2025 ONSC 3537, the Ontario Divisional Court agreed with an earlier decision by the Superior Court to reject a proposed class action lawsuit. … Read more
Ontario Introduces the Working for Workers Seven Act, 2025
On May 28, 2025, the Government of Ontario introduced the Working for Workers Seven Act, 2025, a landmark piece of legislation aimed at strengthening protections for workers, improving access to … Read more
FINTRAC Compliance: What QuickBooks Online Users Need to Know
If you’re a QuickBooks Online (QBO) user using Payments or Payroll direct deposit, you’ve likely received a request to submit business documentation. This isn’t a glitch—it’s part of a required … Read more
July 2025 Payroll Deductions Update
As we move into the second half of 2025, both employers and employees should be aware of important updates to payroll deductions that will take effect starting July 1, 2025. … Read more
Strength in Partnership: How CPA4IT and Acsess Are Protecting the Future of Independent Contractors
In the ever-evolving world of independent contracting, especially within the professional services sector, staying compliant with tax and employment laws is both crucial and complex. With the increasing scrutiny from … Read more
Protecting the Future of Independent Contracting in Canada: Key Insights on Compliance and Risk
Independent contracting has become an appealing model for professionals in Canada, offering greater flexibility, higher earning potential, and more control over one’s work. However, despite its popularity, the industry faces … Read more
What Is T1135 Foreign Income Verification Statement?
Canadian residents must file Form T1135 (Foreign Income Verification Statement) if, at any point during the year, they own specified foreign property whose total cost exceeds CAD $100,000. Whether a particular piece … Read more
What’s New For Personal Taxes 2025?
This blog will discuss everything new for the 2025 Personal Tax Season. It is understandable that tax payers have many questions on new tax rules, changes in CRA e‑filing processes, … Read more
Navigating the CRA’s Autofill Issues This Tax Season: Why Hiring A Professional Is Your Best Ally
Tax season can be stressful even in the best of times, but this year has introduced a new twist: issues with the Canada Revenue Agency’s (CRA) online portal and the … Read more
