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
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
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
Things to Know The latest GST/HST scheme will enter into force on 1 July 2021. Non-resident vendors may cause GST/HST registration to spike even if
Chrystia Freeland, Deputy Prime Minister, and Finance Minister, presented the federal budget on 19 April 2021. (“Budget 2021”). Budget 2021 verified the policies revealed on
COVID-19 Relief – Credit Availability Program for Highly Affected Sectors (HASCAP) Guarantee The Canada Revenue Agency, also known as CRA, has stated that its advice
We are over and done with 2020. With the ashes of the year 2020, we are here to expect that the impacts of 2020 and
We would like to shed some light on a case study that most of you will find quite interesting that relates to all your tax
Rules for Gift Tax: In Canada, there’s no law that indicates when giving a gift to someone it should be recognized as tax and mentioned