Apr 30, 2018 | HST, Personal Taxes, Small Business
Hearing from CRA Receiving a brown envelope in the mail from the Canada Revenue Agency can strike fear into the hearts of Canadians. (Well, those of us who aren’t accountants). Most of the time the content is benign and is just an HST form for business owners, or a...
Dec 6, 2016 | Bookkeeping, HST, Personal Taxes, Small Business
Think as a business owner you’re immune to an audit by the CRA? Think again! It used to be that when it came to checking receipts for items like meals and advertising, the CRA generally left business owners alone, but that’s changing. I’m finding that the CRA is going...
Sep 6, 2016 | Bookkeeping, HST, Personal Taxes, Small Business
More and more people are looking to Airbnb and similar sites to rent property. If you are renting out your property, this could have unexpected tax implications. Tenants If you are using Airbnb as a tenant, the tax implications are fairly straightforward. You get a...
Dec 2, 2015 | HST, Personal Taxes, Small Business
In some situations, taxpayers will find themselves unable to pay interest or penalties owing to the Canada Revenue Agency. Depending on the reason this happened, it is possible to request relief from CRA to have these amounts cancelled. Taxpayer Relief CRA recognized...
Oct 21, 2015 | HST, Personal Taxes, Small Business
Even with the best of intentions, it’s possible to end up not filing certain things with CRA, or not filing them on time. Normally, these sorts of issues can come with serious penalties. What is Voluntary Disclosure? Under certain circumstances, you are allowed...
Aug 19, 2015 | HST, Small Business
One of the considerations many new and growing businesses face is whether to register for HST or not. Registering for HST (GST depending on your province) is optional for businesses until they have more than $30,000 in annual worldwide revenue. Many people assume...
