It is never pleasant to be audited by CRA. The process takes time and valuable resources away from the running and growing your business.
When calculating your taxes, it is important to understand your deductible expenses and eligible tax credits that you can claim. Deductible expenses are subtracted from your income before it can be subjected to taxation. Understanding these expenses will help you go a long way in reducing tax liabilities. Tax credits, on the other hand, are […]
The following insight will help you ensure that your personal filing is in compliance with the CRA requirements.