Uncategorized – Tim Moss CPA

How to respond to a first Instalment Reminder from the Canada Revenue Agency (July 2026)

by wes July 3, 2026August 18, 2026No Comments

By the time summer arrives, nearly all Canadians have filed their income tax returns for the previous year, have received a Notice of Assessment from the tax authorities with respect to that return, and have either spent their tax refund or, more grudgingly, paid any balance of tax owing. It’s a surprise, therefore, when unexpected …

Making the RRSP decision when you turn 71 (July 2026)

by wes July 2, 2026August 18, 2026No Comments

One’s 71st birthday is a very consequential event when it comes to retirement planning for Canadian taxpayers, and it’s an event which will be experienced by hundreds of thousands of Canadians during 2026. While saving for retirement through an employer-sponsored pension plan used to be the “norm”, that hasn’t been the reality for most working Canadians …

When the taxman has a few questions about your return (July 2026)

by wes July 1, 2026August 18, 2026No Comments

By the time summer arrives, the deadline for filing an individual income tax return for the previous year has come and gone for all individual Canadians. The majority of taxpayers were required to file that return for 2025 on or before April 30, 2026, while self-employed individuals (and their spouses) had until June 15, 2026 …