CRA Auditing: Areas The Canada Revenue Agency Is Inspecting
The Canadian Revenue Agency (CRA) received an extra $304.1 million in the federal budget for 2021 to assist it in combating tax avoidance and active
September 15, 2021
The Canadian Revenue Agency (CRA) received an extra $304.1 million in the federal budget for 2021 to assist it in combating tax avoidance and active
The amount of refundable dividend tax on hand accumulates in a business generating passive (investment) income unless a taxable dividend is paid to shareholders (and
Non-resident businesses and Canadian and foreign platform operators will be subject to new GST/HST reporting regulations beginning July 1, 2021. GST/HST is typically applied to
As a consequence of the election, the political environment in the country will alter significantly. Experts believe that the Principal Residence may be classified as
Taxpayers who should be subject to an audit are more likely to be identified using the “Unnamed Persons” search technique, which the Canada Revenue Agency
Family-owned businesses passed down from generation to generation may be impacted by new tax regulations and legislation shortly. On Tuesday, June 29, the Royal Assent
Issues Faced By Foreign Musicians Experience under Canadian Tax Law Canada is a lucrative destination, particularly for foreign artists trying to book festivals, tours, and
Introduction to Mining Cryptocurrency and Income Tax Cryptocurrencies are digital currencies. They use cryptography to validate asset transfers and monitor the development of subsequent cryptocurrency
The IRS Increases Organizations to Obtain Taxpayer Data from Cryptocurrency Exchanges The United States Internal Revenue Service was permitted on 1 April 2021 by a
Preliminary Ruling – CRA’s Coinsquare Court Order The CRA brought an application by the Federal Court against Coinsquare on 18 September 2020 to persuade the
Overview – T1135 Disclosure Requirement: Exception to non-resident trusts’ value not taken into consideration Canadians who have a combined expense of at least $100,000 of
There are lots of wonderful aspects of owning and operating your own tennis club. But for many new business owners, accounting is not one of