Audit Preparation Archives

What Are the CRA’s Special Projects?

Each year, the Canada Revenue Agency (CRA) launches special projects targeting specific aspects of tax returns based on trends, errors, or fraud identified in previous years. Understanding these targeted review areas can help you prepare your taxes more effectively and avoid potential pitfalls. This article explores these areas, explains the Read more…

By Caitlin Lawrence, 1 yearMay 15, 2024 ago

Business Travel Expenses and Record Keeping

Navigating Business Travel Expenses Navigating the complexities of business travel expenses can be a daunting task for Canadian businesses. This guide provides insights into what constitutes a deductible travel expense, how to track these expenses accurately, and the necessary documentation to substantiate claims to the Canada Revenue Agency (CRA). Deductible Read more…

By Caitlin Lawrence, 1 yearMarch 4, 2024 ago