by Sam Faris | Mar 19, 2020 | Uncategorized
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...
by Sam Faris | Nov 21, 2019 | Uncategorized
What’s New For The 2016 Tax-Filing Season? Updated Notice of Assessment The Canada Revenue Agency (CRA) has improved the notice of assessment! The new, simpler format provides the most important information about your assessment on the first page. This is part of the...
by Sam Faris | Nov 21, 2019 | Uncategorized
Didn’t declare when you were paid in Cash? Deducted personal expenses from your income? Made a mistake when calculating your taxes? Led astray by tax preparer? Overlooked amounts? Simply got the law wrong or misunderstood it? Worried your hard-earned money will be...
by Sam Faris | Nov 21, 2019 | Uncategorized
Income splitting is a general phrase that refers to many ways in which two or more persons can distribute income or gains from business or property, or from other sources of income. Income splitting, where possible, can result in substantial tax savings. Note that...
by Sam Faris | Nov 21, 2019 | Uncategorized
Trusts are used as part of tax planning, but the planning doesn’t stop with the set-up of a trust. Where a Canadian resident trust that meets the definition of a “personal trust” in subsection 248(1) of the Income Tax Act holds property that has appreciated in value...
by Sam Faris | Nov 21, 2019 | Uncategorized
Taxes and the Tax Man are not things you should only consider during your Corporation’s tax times. The CRAs audit and verification selection process is complicated and risk based, do you cannot always be sure when you are at risk of an audit. What is certain is that...