Canada-wide Toll Free:
New Member Centre Coming Soon Book My Free 15-min Consult

Audit Representation

COVID aid paperwork must be in order as audits loom

man writing on paper

Canada’s accumulated deficit with all the COVID-19 related emergency spending programs will most likely top a trillion dollars for fiscal year 2020-21, up from $685.5 billion last year, according to government estimates. Many of those programs were, and if still available, continue to be extremely useful in providing a financial buffer for hard-hit companies and … Read more

What to look for on your Notice of Assessment

a hand writing the word TAX on a piece of paper

After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips below on what to look for when you receive your NOA, common discrepancies between your NOA and tax return and how to handle them. What is an NOA? The NOA is … Read more

How the Sharing Economy Impacts Your Taxes

Cottage on the lake

The sharing economy is a kind of shadow economy, where private individuals share products or services, either for free or at a cost. Sharing economy arrangements are typically conducted online, through a community-based website. The sharing economy is hardly new. For thousands of years people have shared their assets, but the internet has taken it … Read more

CRA Audit Triggers and What to do if CRA Audits You

books farm business tax

More small and medium businesses are being audited these days. Canada Revenue Agency (CRA) has ramped up audits of small- to medium-sized enterprises. Audits are nothing to fear if you comply with tax rules and regulations. Knowing how CRA selects taxpayers for audit, as well as what to expect during an audit, could make you … Read more

CRA Representation and Tax Audit Assistance

CRA Representation and Tax Audit Assistance

How Tax Professionals Can Help with CRA Representation and Audit Support Preparing taxes can be stressful at the best of times but dealing with the Canada Revenue Agency (CRA) and getting audited takes it to an entirely different level. If you’re a small business owner, independent contractor, or farm operator, and you’ve been incorrectly assessed … Read more

Debunking Canadian Tax Audit Myths

Top Myths about Canadian Small Business Tax Audits

Top Myths about Canadian Small Business Tax Audits Filing taxes can be taxing, even for small business owners who love numbers. That’s because Canada’s tax laws are always in a state of flux and changing from year-to-year. A lot of small business owners are afraid that making a mistake on their taxes could lead to … Read more

When to Hire a Tax Consultant as a Small Business

When Is the Right Time for a Small Business to Hire a Tax Consultant?

Hiring a Tax Consultant for Your Small Business Hiring a professional tax consultant for your small business is a strategic move that could save your business a lot of money in the long run. A small business tax consultant is important to your business’ bottom line because they are there for the entire annual business … Read more

Get a Tax Professional for Family Business Taxes

a family talks about business taxes

What a Tax Professional Can Do for Your Family Business Family businesses, big or small, are the backbone of the Canadian economy. In fact, approximately 80% of all businesses in Canada are family-owned. On top of that, family-owned businesses are responsible for the majority of the country’s gross domestic product (GDP). What are some of … Read more

5 Triggers That Can Lead to a Tax Audit

tax triggers audit

5 Risk Factors That Can Cause a CRA Audit The 2016 tax season may officially be over and your tax refund may already have been deposited into the bank, but the Canada Revenue Agency (CRA) is only just getting started. If you happen to be one of the millions of Canadians who filed their taxes … Read more