The Canada Revenue Agency (CRA) sends out letters every year to people it is going to audit. According to sources around 30,000 such letters are sent out every year and can scare some of the taxpayers who receive this dreaded communication.
A recent study by Ecotagious shows that Vancouver condominiums have a 12.5% non-occupancy rate.
Bookkeeping is often seen as tedious and boring. Most entrepreneurs do not enjoy bookkeeping but know it is an essential part of their business. Adopting some good bookkeeping habits can help your business in the long run.
If Canadian Snowbirds are not careful, they could find themselves at the mercy of the U.S Revenue Authorities when tax season rolls around.
Many medical services, therapies and devices can qualify for the medical tax credit and are permitted medical expenses under the Canada Revenue Agency. Here are ten that could surprise you.
The Canada Revenue Agency is monitoring social media posts of Canadian taxpayers who could be cheating on their taxes. The agency is now focusing on collecting and analyzing many kinds of data for its use, including information publically available online.
Tax time can be a nightmare for some small business owners. Expenses you didn’t realise existed cropping up or not understanding whether an expense is a business expense or not.
There are some mistakes that entrepreneurs make when they project the future of their company with financial outlook. These types of mistakes can create confusion and mislead investors but worst of all they can delude the entrepreneurs themselves.
We all know how crucial yet exhausting it is to file taxes each year on time. No one wants to do it!
Hardly everyone enjoys paying taxes. However, there are many legal ways you can minimise your taxes. Here are some quick ways you can minimise your tax bill before it is time to file your next return.