Tax Compliance 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 Tax

Understanding GST/HST for Small Business Owners

Figuring out GST (Goods and Services Tax) and HST (Harmonized Sales Tax) is crucial for small business owners in Canada. This article breaks down what you need to know about these taxes, including who needs to register, how to file, and how you can save money through input tax credits. Read more…

By Caitlin Lawrence, 1 yearApril 8, 2024 ago