Understanding the Eligible Meals and Entertainment Expenses?
Understanding the eligible Meals and Entertainment Expenses? In many occasions business relationships are developed over a meal, it is worthwhile totrack meal and entertainment expenses.I commonly encounter clients that significantly underutilize the allowable meals andentertainment deductions on their tax returns. For many small business owners, suchdeductions should constitute a substantial expense amount on their tax […]
The Quick Method Vs. The Long Method
The Quick Method Vs. The Long Method One way to maximize your tax saving is by making the right decision on how you elect to account forthe HST. The two options offered by the Canada Revenue Agency (CRA) are simply called the quickmethod and the regular method. Someone may easily believe that both methods would […]
CRA Lists Most Common Tax Mistakes
CRA Lists Most Common Tax Mistakes The Canada Revenue Agency (CRA) has put together a list of the most commonmistakes Canadians make on their income tax returns.In its most recent tax information newsletter for individuals, the CRA says that movingexpenses, student loans, tuition and education costs, medical expenses, and publictransit deductions are the five areas […]
Court orders PayPal to give business account details to CRA
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 E PayPal will disclose information to tax authorities on its business customers in Canada, where the Federal […]
