by Elias ZafiridisCorporate Tax Audit Documentation
When the Canada Revenue Agency (the “CRA”) selects a corporation for an audit, one of the first steps is requesting supporting records. The qualit...
by Elias ZafiridisLand Transfer Tax in Canada: What Buyers Need to Know
When purchasing real estate in Canada, many buyers focus on the price of the home but forget about a major additional cost: land transfer tax. This on...
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 Zafiridis