Tax Articles

Attorney Howard Markowitz answers:
Audit: What can I expect?

Auditing allows the Canadian Revenue Agency (“CRA? to monitor and inspect GST/HST and income tax returns, customs import documents, and payroll records. Click here to learn more about the audit process.

Attorney Howard Markowitz answers:
Do I have a capital gain or loss?

A capital gain or loss results from the disposition of property, such as shares or real estate. As a result of selling or disposing capital property, there may be serious tax consequences.  Click here to learn more about capital gains

Attorney Howard Markowitz answers:
What is a voluntary disclosure?

Voluntary disclosure is the government's scheme to allow taxpayers to bring their taxes up to date.  By voluntarily reporting taxes owing from previous years, taxpayers may avoid penalties and interest imposed by CRA.  Click here to learn about voluntary disclosure

Attorney Howard Markowitz answers:
What is the SR&ED tax credit?

If you or your business is involved in research development - including software design and materials testing - you may qualify for this exceptional CRA incentive program.  Click here to find out if you qualify for the SR&ED tax credit