FinTax Solutions ProCorp

10/12/2026

09/29/2026

Vancouver Realtor Fined $103,785 After Falsely Claiming a Rental as Her Principal Residence

Here's what happened:
She used the property's address for mail and correspondence to make it look like her home.
A tenant actually lived there the whole time she owned it.
She sold her interest and never reported the taxable gain, avoiding $103,785 in tax.
When the CRA audited her, she kept up the claim and handed over misleading documents.

The result: a 9-month conditional sentence and a $103,785 fine.

The scheme started in 2012, and the sentence came in 2026. The CRA doesn't forget.

The takeaway: to claim the principal residence exemption, you have to live in the home. Mail and paperwork alone won't qualify. If you've made a mistake on a past return, the CRA's Voluntary Disclosures Program lets you fix it before they find it.

Full CRA release:

The Canada Revenue Agency (CRA) announced today that Thi Nhan Nguyen, also known as Lynn Nguyen, of Vancouver, British Columbia, was sentenced on August 25, 2026, in the Provincial Court of British Columbia (Robson Square), to a nine (9) month conditional sentence and was fined a total of $103,785.

01/31/2026

Avoid tax-season surprises in 2026 by keeping your My CRA Account up to date!

🗓️ With tax filing starting soon, take a few minutes now to:

🔐 Make sure you can access your CRA account
Recover your login if needed and set up a backup multi-factor authentication (MFA) option (like an authenticator app or passcode grid) to avoid getting locked out.

📋 Update important personal details in My CRA Account, including:

✔️ Home & mailing address
✔️ Phone number & email address
✔️ Direct deposit / banking information
✔️ Marital or family status (marriage, separation, dependants, etc.)
✔️ Authorized representatives (like your accountant)
✔️ Communication preferences

💸 Keeping this info current helps ensure:
• You receive benefits and credits on time
• No delays with refunds
• Fewer issues during tax filing

✅ A few updates now can save a lot of stress later!

12/23/2025

Another year is wrapping up — and tax season isn’t far behind.
Time has a way of flying, especially when life gets busy. As we head into a new year, a little early planning can go a long way in making tax time calm and straightforward.
To help you stay ahead, here’s a quick snapshot of important dates to keep on your radar for the 2026 tax season:
🗓 By December 31
• Final day to make FHSA and RESP contributions for the year
🗓 Starting January 1
• New contribution limits become available for TFSA, RESP, and FHSA
🗓 Late January
• RRSP contribution receipts issued for deposits made earlier in the year
🗓 Mid-February
• Electronic tax filing opens
🗓 February 25
• Recommended cutoff to make RRSP contributions that count toward the 2025 tax year
🗓 March 2
• Official RRSP deadline
• Investment and income slips released (RRSP income, interest/dividends, capital gains, crypto activity)
• RRSP receipts issued for early-year contributions
🗓 March 31
• Trust income slips available
🗓 April 30
• Deadline to file your personal tax return
Staying organized now means fewer surprises later. Whether you’re planning contributions or getting ready to file, our team is here to guide you every step of the way.
📩 Send us a message or contact us to get started.