Facing a CRA Review Letter? How to Protect Your Deductions
Facing a CRA Review Letter? How to Protect Your Deductions Understanding the Post-Assessment Audit Wave Why You Received a Letter After Filing First, many taxpayers believe that receiving a Notice of Assessment means their tax return is permanently finalized. However, the Canada Revenue Agency routinely conducts massive post-assessment screening campaigns throughout the summer months. During […]
Corporate Tax Strategy for Mid-Year: 3 Reasons to Check Your Corporate Tax Setup Today
Maximizing Year-Round Business Tax Deductions 3 Reasons to Check Your Corporate Tax Setup Today 1. Realignment of Salary vs. Dividends Split First, as an incorporated business owner, you likely split your personal income between a regular salary and corporate dividends. However, your personal cash needs and business revenue may have changed significantly over the last […]