LATEST TECH ARTICLES

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!