Do you keep your receipts?

Do you keep your receipts?

Think as a business owner you’re immune to an audit by the CRA? Think again! It used to be that when it came to checking receipts for items like meals and advertising, the CRA generally left business owners alone, but that’s changing. I’m finding that the CRA is going...

Do You Airbnb?

More and more people are looking to Airbnb and similar sites to rent property. If you are renting out your property, this could have unexpected tax implications. Tenants If you are using Airbnb as a tenant, the tax implications are fairly straightforward. You get a...
Help, I can’t pay the CRA!

Help, I can’t pay the CRA!

In some situations, taxpayers will find themselves unable to pay interest or penalties owing to the Canada Revenue Agency.  Depending on the reason this happened, it is possible to request relief from CRA to have these amounts cancelled. Taxpayer Relief CRA recognized...
Voluntary Disclosure

Voluntary Disclosure

Even with the best of intentions, it’s possible to end up not filing certain things with CRA, or not filing them on time.  Normally, these sorts of issues can come with serious penalties. What is Voluntary Disclosure? Under certain circumstances, you are allowed...