by ksfaccounting | Apr 28, 2018 | Articles
Erica Alini National Online Journalist, Money/Consumer Global News So you’ve filed your taxes and received your notice of assessment, but now there’s another letter from the Canada Revenue Agency (CRA) in your mailbox with a request to see more of your paperwork. What...
by ksfaccounting | Nov 28, 2017 | Articles
Court orders PayPal to give business account details to CRA Business customers who used service between 2014 and last Friday are affected CBC News Posted: Nov 15, 2017 11:00 AM ET Last Updated: Nov 16, 2017 1:05 PM ET PayPal will disclose information to tax...
by ksfaccounting | Nov 21, 2017 | Articles
The Canada Revenue Agency (CRA) has put together a list of the most common mistakes Canadians make on their income tax returns. In its most recent tax information newsletter for individuals, published on March 24, the CRA says that moving expenses, student loans,...
by ksfaccounting | Nov 21, 2017 | Articles
In many occasions business relationships are developed over a meal, it is worthwhile to track meal and entertainment expenses. I commonly encounter clients that significantly underutilize the allowable meals and entertainment deductions on their tax returns. For many...
by ksfaccounting | Nov 21, 2017 | Articles
One way to maximize your tax saving is by making the right decision on how you elect to account for the HST. The two options offered by the Canada Revenue Agency (CRA) are simply called the quick method and the regular method. Someone may easily believe that both...
by ksfaccounting | Nov 21, 2017 | Articles
If you own a rental property or rental part of the house, you must report the rental income that you have received in your tax return. Your tax return will require you to fill up the Statement of Real Estate Rentals schedule T776. The T776 tax schedule asks for the...
