Tax season is upon us in Canada, with returns due shortly. Across the country, the scramble has begun for people looking to get everything in on time. Getting your T4s, details on your investments, and all financial information from...
Continue Reading
Tax preparation is a significant annual responsibility that an expert should handle. Find out our tips for working with the best tax accountants when preparing your income tax return. There are few things more important than your finances, whether...
The new tax year is right around the corner, and after a long 2021 with many changes in the Canadian tax system, we are here to help you file your taxes on time. In 2021, Canada reported its highest...
Introduction Tax season can be an incredibly stressful time of year for Canadians. Whether you are an individual, a business owner, or a student, filing your taxes is extremely important and overwhelming all at once. Managing the streams of...
Background: Base on gross business income earned, home office business expenses may be deducted from business income. The business expenses that are allowed to be deducted, among other, include the prorated portion of rent, capital cost allowance, property insurance,...
Summary : In 2005, the Canadian Revenue Agency (CRA) launched the Related Party Initiative (RPI), more commonly referred to as the High-Net-Worth Project or the Billionaire’s Audit. The objective of the RPI is to target high net worth individuals...