Author: Ashuthi Kanneganti

by Ashuthi Kanneganti

So, You’ve Received an Audit Proposal Letter, What Are The Next Steps?

An audit proposal letter is sent out to a taxpayer in the midst of the audit process. It typically follows the CRA informing a taxpayer that they are ...

by Ashuthi Kanneganti

Ojaide v The King –Tuition Tax Credits Explained

Paying for school is stressful enough, but missing out on tuition tax credits or claiming them incorrectly can cost Canadians thousands. As tuition fe...

by Ashuthi Kanneganti

What to Expect During an Audit — and How to Prepare

Getting audited by the CRA can be an arduous process, fraught with requests for extensive documentation and information. However, with diligent record...

by Ashuthi Kanneganti

The Public Service Bodies’ Rebate

Charities often operate with tight budgets while delivering essential services. To support these vital organizations, the government offers a valuable...

by Ashuthi Kanneganti

Subsection 163(2) of Canada’s Income Tax Act

Legal Consequences of Misrepresentations in Tax Matters Subsection 163(2) of the Income Tax Act (the “Act”) outlines the penalties that can be lev...

by Ashuthi Kanneganti

Financial Security Requirement for Beer Manufacturers

On May 6, 2024, the CRA released a circular that explains the requirement, as per the Excise Tax Act, that manufacturers of beer or malt liquor, wort,...