by adminaccountantcpa | Sep 25, 2019 | CRA
Today we’re going to take a look at the following notifications sent by the Canada Revenue Agency (CRA). Request for InformationNotice of AssessmentNotice of ReassessmentAudit 1. Request for Information This notification means that the CRA would like to see proof of...
by adminaccountantcpa | Sep 17, 2019 | Small Businesses, Tax Information
Many small business owners use their personal belongings in their businesses. Doing this shows the banks and the CRA (Canada Revenue Agency) that you have a personal stake in the venture. Naturally, the CRA has put together some rules which you need to follow in order...
by adminaccountantcpa | Sep 13, 2019 | Small Businesses, Tax Information
There are certain things you need to do if you are planning to close your business. This includes notifying the Canada Revenue Agency (CRA), paying any outstanding tax amounts, filing a final tax return and financing your succession planning. You won’t need your...
by adminaccountantcpa | Sep 11, 2019 | Tax Information
All home owners pay property taxes to their respective area corporations or boards. These taxes are used in the maintenance of roads and to keep municipal services running. This includes law enforcement, public transport and waste management. Here are some tax tips...
by adminaccountantcpa | Sep 4, 2019 | Medical Professionals, Tax Information
Doctors and medical residents typically incur a large amount of debt when they attend school. Work for these professionals mean hectic schedules and long hours leaving very little time for financial planning. At the same time, a healthy cash flow is desirable because...
