We solve serious CRA tax problems
NET WORTH AUDIT

NET WORTH AUDIT

Almost all Canadian resident taxpayers and, in some circumstances, non-resident taxpayers, have to file various returns with the Canada Revenue Agency.  If a taxpayer fails to file a tax return when and as required, the Canada Revenue Agency (CRA) can either make a...

Avoiding Penalties From Unfiled Taxes

Every person who is taxable in Canada is required to file a return with the Canada Revenue Agency within specified timeframes.  There are some limited circumstances where there is no requirement to file a return, but for most people a return (or a number of returns)...

How the CRA Calculates Your Net Worth

The concept of “Net Worth” is used in taxation, originally, as part of the definition of what counts as and what doesn’t count as income.  The initial analysis created a relationship between “net worth”, “personal expenditures”, and “Income”. In effect, the equation...
Tax Audit Assistance

Tax Audit Assistance

Do you think that you’re facing a potential tax audit? Are you concerned that you won’t be prepared if you are notified that you’re being audited? The best preparation is to have a relationship already established with a knowledgeable tax audit assistance team well in...
pro-tip

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.