In recent years, the CRA has increasingly paid attention to business income reported and expenses claimed further to dealings with family and friends. At times, the CRA takes the position that the…
During a period of economic uncertainty, businesses often become even more hungry to beat the competition. One of the paths to success is to prioritize innovation and the development of new science…
Under the Income Tax Act and the Excise Tax Act, the CRA has a wide variety of options to collect unpaid taxes from any tax debtor. One of those options is to issue a Requirement to…
As we start off the new year, it is helpful to review some important tax decisions from the Tax Court of Canada and the Federal Court of Appeal. The tax dispute process…
As a business owner, your goal is of for the business to generate profit and ideally, more profit with each year. Of course, from time to time, your business may see a loss…
When a business is indebted to the Canada Revenue Agency, they have a variety of ways to collect. One option is for the CRA to assess anyone who received money from the tax…
The CRA continues to target those it believes are failing to properly report the income from the sale of residential real estate. This includes requiring the reporting of the use of the…
A business may engage in a multitude of marketing endeavours. Some of these marketing endeavours may be more exciting than others, such as purchasing and using a company yacht or a company…
