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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Is the CRA Failing the Taxpayers? What Taxpayers Need to Know
What Taxpayers Need to Know (and How to Protect Themselves): A Report by the Office of the Auditor General of Canada. When Canadians call the Canada...
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Appealing a Corporate Tax Audit
When a corporation undergoes a Canada Revenue Agency (the “CRA”) audit, the outcome may result in reassessments, penalties, or additional taxes owing....
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What Is a T3 Trust Return and When Do You Need to File One?
If you are a trustee, executor of an estate, or a beneficiary involved with a trust in Canada, you may encounter the T3 Trust Income Tax and Information...
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Corporate 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 quality,...
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