Zarmeen S

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus pharetra tortor eget lacus ullamcorper, posuere fringilla justo convallis.

Allowable vs. Non-Allowable Expenses for the Self-Employed: Common Mistakes and What to Watch Out For

Running your own business means wearing many hats — from marketing and sales to bookkeeping and taxes. When it comes to filing your taxes as a self-employed individual, one of the biggest areas of confusion is what expenses you can (and can’t) claim. Each year, we see expense packages that include a mix of allowable […]
Continue Reading

Corporate Tax Audit: How to Prepare and Protect Your Business

When the CRA selects a corporation for audit, one of the earliest and most critical steps is the request for supporting documentation. The outcome of the audit often hinges not on subjective interpretations alone, but on the taxpayer’s ability to produce credible, organized records. Well-prepared support files reduce inference risk and auditor adjustments, streamline the […]
Continue Reading

CRA’s Latest Audit Priorities for 2025 – What Businesses Should Know

Running a business in Canada means balancing growth with compliance—and few things can disrupt operations more than a Canada Revenue Agency (CRA) audit. Each year, the CRA identifies key areas of focus for its audit and compliance activities. For 2025, these priorities reflect the CRA’s ongoing efforts to address tax evasion, improve fairness in the […]
Continue Reading

CRA’s Increased Scrutiny on Cross-Border Transactions: Compliance Tips for Businesses

As Canada’s economy becomes increasingly globalized, cross-border trade and investment have become central to how Canadian companies operate. Whether it’s a technology startup sourcing talent abroad, a manufacturer importing raw materials, or a multinational enterprise managing intercompany transactions, cross-border dealings are now the norm. But with globalization comes complexity—and the Canada Revenue Agency (CRA) is […]
Continue Reading

Categories

Tags

Recent Posts