Every year, CRA chooses new criteria for what they will focus their auditing efforts on. Taxpayers and businesses who meet the criteria they choose are more likely to be audited. For the 2015 tax year, CRA will be looking more closely at individuals and businesses who: claim business losses multiple years in a row, claim…
We have just heard from our clients about a new phone scam. Someone is making calls pretending to be from Revenue Canada, saying that there is “unusual activity on your account”. Be aware this is definitely NOT a call from CRA and can be disregarded. If you receive a call or email that seems suspicious,…
As we discussed last week, the new federal government is proposing several changes to Canada’s current tax policy. Many of you may be wondering what these possible changes would mean for you and your family. The Knowledge Bureau Network has examined the proposed policies. Assuming all the changes are adopted in their current form, they have…
In a recent newsletter from the Business Development Bank of Canada, the BDC outlined 7 tips for entrepeneurs who want to improve their cash flow. We thought they had some great ideas that our clients might find useful, so we decided to share a brief summary with you here. Here is a brief overview of…
The only reason CRA will contact you by email will be if you have a MyAccount with them. Even then, the email will only direct you to log in and view new documents. They will never contain links for you to follow. If you receive an email with links, do not reply, do not click…
As of this month, it has been over a year that Canwest has held its commitment to reduce paper use. Here at Canwest, we have worked to reduce our impact on the earth by storing, transferring, and using our files digitally as much as possible. Not only has this made us more efficient (saving filing…