by Elias ZafiridisCorporate Tax Audit Red Flags
The Canada Revenue Agency (the “CRA”) uses advanced data analysis and risk assessment to decide which corporations to audit. While not every irreg...
by Elias ZafiridisCar Allowance CRA: For Employers and Employees
Whether you are an employer providing vehicle-related compensation or an employee receiving it, understanding how the Canada Revenue Agency (the “CR...
by Elias ZafiridisSmall Business Corporate Tax Audit
Small businesses form the backbone of the Canadian economy, but they are not exempt from scrutiny by the Canada Revenue Agency (the “CRA”). A smal...
by Elias ZafiridisHow to Report Cryptocurrency Gains or Losses to the CRA
As cryptocurrency has become more mainstream, the Canada Revenue Agency (CRA) has tightened its expectations around reporting crypto transactions. If ...
by Elias ZafiridisOwning Rental Property Through a Corporation
Owning rental property has become an increasingly popular and effective strategy for long-term wealth accumulation. In response, individuals are becom...
by Elias ZafiridisLate Tax Return Penalties Canada
Filing your tax return on time in Canada is more than just a formality, it can have significant financial consequences if missed. The Canada Revenue A...
by Elias ZafiridisVoluntary Disclosure Program: Fixing Past Mistakes
Voluntary Disclosure Program: Fixing Past Mistakes Before the CRA Finds Them Navigating the complexities of Canada’s tax system is no easy task for ...
by Elias ZafiridisFailure to File T1135: Consequences and How to Fix It
The T1135 – Foreign Income Verification Statement is a key tax compliance form required by the Canada Revenue Agency (CRA) for Canadian residents wh...
by Elias ZafiridisReassessment Period CRA: What Every Taxpayer Should Know
When the Canada Revenue Agency (CRA) issues a Notice of Assessment, many taxpayers assume their tax affairs for that year are settled. However, the CR...
by Elias Zafiridis