Protecting Personal Assets of Small Business Owner’s from CRA Collections Never use your home address as your business address. If you have a business location outside of your house use that location. If CRA collections issues a direction to the… {Read more}
Tag: small business
Unhappy With the Income Tax Bill for Your Small Business?
If your small business tax bill is too high, try the following tips to bring it down in subsequent years. We all want to pay as little income tax as possible without breaking the law. 1. Keep impeccable records. Most… {Read more}
Small Business with Cash flow problems?
3.5 Fixes To The Cash Flow Problems Killing Your Business When your small business suffers from cash flow problems, you risk having your financial problems spin out of control. You may miss payments to important vendors or even make critical… {Read more}
Cash flow problems for small business’
Are Hidden Costs Decimating Your Bottom Line? As a small business owner, you work tirelessly every day to keep your business afloat and, hopefully, see it grow. You seem to be making headway – attracting new customers, finding better ways… {Read more}
Tax preparer extradited to Canada for tax fraud
September 8, 2015 – Ottawa, Ontario – Canada Revenue Agency The Canada Revenue Agency (CRA) announced today that Ms. Doreen Tennina was extradited to Canada from Italy on September 4, 2015, and is now in custody serving a 10-year sentence… {Read more}
Fraudulent emails and phone calls – Protect yourself!
The CRA is warning Canadians that fraudulent emails and phone calls purporting to be from the Agency are currently being reported. Find out more about these scams and learn how you can protect yourself. Examples of fraudulent communications telephone letter… {Read more}
Economic action plan 2015 highlights small and medium sized businesses
Minister of National Revenue highlights Economic Action Plan 2015 measures to support small and medium-sized business. Minister Findlay meets with leaders of the Taiwanese community in the Greater Vancouver Area May 19, 2015 – Vancouver, BC – Canada Revenue Agency… {Read more}
MyCRA – Mobile App
MyCRA is a mobile application for individual taxpayers that lets you securely access and view key portions of your tax information such as your notice of assessment, tax return status, and RRSP and TFSA contribution room.
Enhanced UCCB – You may have to apply
To receive the enhanced UCCB, families may have to sign up. If you have children under 18 for whom you have not previously applied for the UCCB or the Canada Child Tax Benefit (CCTB), you will need to apply for… {Read more}
Tax Panning – Start Early
You should plan ahead so that you are prepared to file your tax return next year without too much difficulty. One of the most important things to do during the year is to store all tax-related documents in one place. … {Read more}