Understanding the CRA’s Power to Compel Interviews Under Section 231.1
The Canada Revenue Agency (CRA) has several key powers regarding the administration and enforcement of Canadian income tax laws. These powers allow the CRA,...
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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...
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Salary or Dividends? How Corporation Operators Can Pay Themselves Better
If you run an incorporated business, deciding how to pay yourself is a big part of financial planning. The choice usually comes down to salary, dividends,...
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Tax Strategies to Help Your Ontario Small Business Thrive
Running a successful small business in Ontario comes with its fair share of responsibilities. Having an effective tax plan is a key component to the...
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Taxpayer Relief Applications: How to Request CRA Relief
Most Canadian taxpayers do not enjoy dealing with the Canada Revenue Agency (“CRA”), especially when the penalties and interest start to stack up fast!...
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Considering Hiring Family to Help Run Your Business? Ensure you Understand CRA Requirements to Stay Compliant
Thinking of hiring your spouse to handle bookkeeping or your teen to help with marketing? While keeping business “in the family” sounds ideal, the Canada...
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Surviving the CRA’s Net Worth Audit
Navigating a Canada Revenue Agency’s (“CRA”) Net Worth Audit is a complex and stressful challenge for Canadian taxpayers, but with careful planning and...
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CRA Technology and Corporate Audits
The Canada Revenue Agency (the “CRA”) has significantly modernized its approach to auditing corporations. Rather than relying solely on manual reviews, the...
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