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How to Avoid or Navigate Through a CRA Audit

Self-prepared returns are easy targets It is no secret that the Canadian government and the CRA have recently been finding new ways to raise revenue. In recent years, the CRA has devoted more resources towards identifying common filing errors in order to reassess additional taxes, interest and penalties to taxpayers. Statistically, the CRA is aware that tax returns prepared by

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10 Signs Your Accounting Department Could Use Outside Controllership Services

Determining the Need for Outside Controllership Services Your company’s business cycle likely tends to fluctuate according to seasonal demand, industry/supply chain dynamics, economic conditions, or a host of other variables, and your accounting department likely feels the strain of these cycles when they’re at their peak. Are you aware of the signs and symptoms that may indicate your business could

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Real Estate Gains and Canadian Income Tax – A Brief Analysis

A Brief Analysis of Real Estate Gains & Canadian Income Tax Recently there has been a lot of media attention focused on financial gains being made in Vancouver’s housing market and the favorable tax treatment given to real estate used as a principal residence through the Canadian Income Tax Act. Without getting into the technical details of this tax treatment and

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