5 BULLET FRIDAYS - Tax Mechanic News, Tips & Strategies

Welcome to Tax Mechanic Insights! 📬

📢 Executive Insights: How to File a Tax Objection with the CRA — What Every Canadian Needs to Know

📍 Source: Adapted from the Canada Revenue Agency (CRA)

❗ Think the CRA got it wrong? You’re not stuck — you’re entitled to a formal review.

When you receive a Notice of Assessment or Reassessment and believe the Canada Revenue Agency (CRA) misapplied the law or misunderstood the facts, you have the right to challenge it. This process — called a Notice of Objection — is your first step toward a fair resolution.

🎯 Why it matters

Objections aren’t just paperwork. They’re a safeguard of fairness in Canada’s tax system — ensuring your voice is heard, your facts are reviewed, and your return gets a second, impartial look.

🛠️ Objection Snapshot

🚨 Pro Tips — Keep It Tight

• Missed the deadline? You’ve got up to 1 year to request an extension.

• Pay a portion? Lowers your interest charges.

• Big case? Attach all proof up front.

• Still not resolved? Take it to the Tax Court of Canada.

🤖 How Zapier’s Founder Built 4 AI Agents in Under an Hour — and Saved 20+ Hours/Week

📍 Source: My First Million, Episode 729 (Sam Parr x Wade Foster)
🎧 Listen here: My First Million – Ep. 729

🚀 Build Smarter: AI Agents That Save 20+ Hours/Week

In under an hour, Zapier’s Wade Foster built 4 AI agents that now save him 20+ hours weekly — no fluff, just live demos and real results.

This is how modern teams move: fast, lean, and workflow-driven.

⚙️ 4 Agents, Real Impact

🧠 Key Takeaway

No PhD needed. Just a bias for action.

🏠 Protecting Your Home’s True Value in 2025: What Every Homeowner Needs to Know

🧠 Your home may be worth more than an algorithm thinks.

As the mortgage industry rapidly shifts toward automated desktop appraisals, homeowners must be more vigilant than ever. These digital evaluations — while fast and convenient — can undervalue properties by overlooking high-impact upgrades, renovations, and nuances that only a trained eye can catch.

📊 What You Might Miss — and Why It Matters?

⚠️ 3 Red Flags to Watch For

• ❌ No prepayment privileges — limits your ability to pay off early

• ❌ Porting restrictions — blocks you from transferring your mortgage

• ❌ Low teaser rates — often offset by long-term financial drawbacks

💬 Expert Insight

"Automation can’t see your renos — your home needs a real appraisal."
– Genelle George, Mortgage Strategist

🔗 Need help? Connect with Genelle for a smarter mortgage strategy.

⚖️ Court Rules on Workplace Clothing Deductions: A Landmark Case for Canadian Employees

📍 Source: Adapted from the Tax Court of Canada (Samotus v. The King, 2025 TCC 104)
📅 Decision Date: July 30, 2025

🧵 Can your designer workwear be tax-deductible?

The answer, according to the Tax Court of Canada, is a decisive no — unless it’s explicitly required by your employer.

In Samotus v. The King, a luxury retail employee at Holt Renfrew claimed deductions for high-end clothing and home office expenses over three tax years (2016–2018). Despite a strong case of personal investment and performance, the Court ruled the expenses non-deductible — citing lack of a formal employment requirement and failure to secure T2200 employment forms.

📝 Quick Case Recap: Samotus v. The King

🔍 Why It Matters?

Credibility isn’t enough — only contract-required expenses with proper forms qualify.
Client-facing pros (fashion, sales, etc.): Check with your employer before claiming.

➡️ Learn more: Tax Court Decision – Samotus v. The King (2025 TCC 104)

🔥 CRA Overcharged You? Here’s the Legal Form That Claps Back

🚨 “CRA said pay. We said prove it.”

Tired of tax bills that make no sense? You’re not alone — and you’re not powerless. CRA errors happen. Form T400A is your official Notice of Objection, the government-recognized way to dispute a tax assessment, reassessment, or benefit determination. This isn’t guesswork. It’s your right — backed by the Income Tax Act.

🧩 What, When, and How — All in One Glance

@taxmechanic

Think the CRA is always right? Think again. Form T400A is how you legally clap back when their math’s messed up. Missed credits? Wrong rea... See more

🛠️ Step-by-Step — The Smart Way to File T400A

1. Leave “To” blank unless told otherwise

2. “From” = Your full legal info

3. Rep helping you? Add their details (but file AUT-01 if you want full access rights)

4. Reference your CRA notice (date, number, tax year, SIN/BN)

5. Your Objection:

   • Be precise.

   • Use facts.

   • Attach evidence.

   • No space? Add “See attached” with extra pages.

6. Signature section: Only for corporations/trusts

📬 Submit online or send it to CRA’s Appeals Centre in Sudbury, ON

⚠️ Pro Tip: Objection ≠ Pause on Interest

Even if CRA reviews your case, interest may still accrue. And if you owe payroll taxes? Expect collection to continue.
Form T400A isn’t paperwork. It’s your power move