LATEST TECH ARTICLES

Every October, the overseas income tax audit season arrives on time! What should you do if you encounter a tax audit? Many people panic when they receive a letter from the CRA for the first time: "Haven't I already filed my taxes? Why are they still checking me?"

How to deal with a large fine from the CRA? The consequences of not properly closing your business are severe! teach you how to solve CRA bills and find out why! remember If your company no longer intends to operate, don't just leave it alone; you should officially dissolve it.

The experience of the individual who uncovered a hidden tax refund after closing his company is a crucial lesson for all business owners. It highlights the importance of compliance and reveals the possibility of unexpected financial opportunities, even after operations have ended.

This is a real-life account of an IT specialist who may have been too astute about taxes , almost leading to a devastating financial blow from the tax authorities. Story Background： The "Perfect" Plan That Almost Exploded During an economic downturn, contract IT work was booming. Our protagonist, let's call him Jason, landed a lucrative contract with a major bank. His income was excellent. He heard from friends: "Starting your own company as a contractor saves a ton on taxes!

struggle with payroll tax payments? Currently, CRA is breaking with the bank about payroll tax payment！What Happened? Why Am I Paying Extra Fees for My Payroll Tax? I Need to Pay My Payroll Tax Today — What Should I Do?

Discover which tax documents are crucial when selling a house in Canada. Selling costs and renovation costs can reduce capital gains . Keep invoices and contracts as proof!

The CRA may consider waiving some or all of the interest and penalties in certain special circumstances. However, applying for taxpayer relief requires meeting specific evaluation criteria. Here are some common special circumstances and whether they meet CRA’s evaluation standards.

Get answers to common accounting questions for Canadian small business owners. Can the company pay for your gym membership or medication? Find out!