As a taxpayer in Canada, it's essential to understand how far back the Canada Revenue Agency (CRA) can audit your tax returns. The CRA has the authority to audit taxpayers for up to four years from the date of the…
Matthew RusselJune 21, 2025
As a citizen or resident of the United States, the state you live in can have a significant impact on your taxes. Each state has its own tax laws, which can affect everything from how much you pay in income…
Matthew RusselJuly 12, 2025
Consumption taxes represent a distinctive approach to revenue generation for governments, shaping the economic landscape by targeting spending rather than income. Unlike traditional income taxes, which levy charges on earned wages, consumption taxes focus on the consumption of goods and…
Matthew RusselOctober 6, 2025
Taxes are an inevitable part of our lives, yet the realm of taxation is often shrouded in myths and misconceptions that can significantly impact how individuals perceive and manage their financial responsibilities. These myths, perpetuated by hearsay, misunderstandings, and sometimes…
Matthew RusselAugust 27, 2025
Taxpayers in Canada are required to file their tax returns accurately and on time to avoid penalties and interest charges. However, even after filing, the Canada Revenue Agency (CRA) may conduct a reassessment of a taxpayer's return, resulting in additional…
Matthew RusselJune 2, 2025
Are you looking for ways to give back to your community while also maximizing your tax benefits? Charitable giving can not only make a positive impact on the causes you care about, but it can also provide valuable tax savings…
Matthew RusselJuly 29, 2025
Stock options are a popular form of compensation offered by many employers to their employees. While they can be a great way to build wealth and incentivize employees, it's important to understand the tax implications of stock options before exercising…
Matthew RusselAugust 30, 2025
