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What Assets Can The CRA Seize?

What Assets Can The CRA Seize?

Business or individual, the CRA has the authority to seize and place liens on assets when taxpayers fail to fulfill their tax obligations. The CRA’s primary goal in asset liens and seizures are to recover the owed taxes and encourage compliance with tax laws. In...
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Pro Tip

ACCESSING THE SMALL BUSINESS DEDUCTION IN YOUR BUSINESS

The Small Business Deduction gives businesses a tax deduction on the first $500,000 of income. This saves an eligible corporation around up to $50,000 in income taxes. There are a number of conditions that have to be met to be eligible for this deduction.