In our fast-paced world, sometimes picking up the phone is the best way to ensure proper communication and get a problem resolved for our clients. Although you may not have time for a friendly chat, our friends at the Canada Revenue Agency (CRA) do. Emails are a frequent way to communic...
Learn what are the different rules for RRSP withdrawal. Before you decide to withdraw, contact an investment professional to help you understand your options.
SR&ED Ontario Canada | How to claim SR&ED Scientific Research & Experimental Development Refunds and Tax Credits in Ontario Canada Incentive Program
Keep a log.Both the Canada Revenue Agency (CRA) and the Internal Revenue Service (IRS) require that you keep a log to track any mileage incurred for your business. Keeping an accurate, up-to-date logbook, either on paper or digitally, is the best way to support your vehicle expense cla...
The below example is in DOLLARS, but also tells you how to setup units, if you need it.In the setup (Tools > Setup > Payroll Canada > Control > Control), set the Allow Vacation Pay to yes. If you're also accruing in units, set the Allow Accrue Vacation Units to yes as ...
How to determine eligible deductions For work-related travel expenses to count as deductible expenses, such costs must meet all criteria as dictated by the CRA: You are required to work away from your regular office and workspace. You have to pay your own travelling expenses, as stated under ...
Refer to Canada Revenue Agency's "Keeping Records" Guide (PDF). Disclaimer: I'm not an accountant, so consider talking to one. You could also call the CRA and ask. Share Improve this answer Follow answered May 24, 2013 at 20:08 Chris W. Rea 31.8k1717 ...
You may get phone calls from people posing as Canada Revenue Agency (CRA) officials, claiming you are being investigated for tax evasion or tax fraud. The caller may try to scare you or threaten to arrest or deport you if you don’t pay them. They may ask you to transfer funds to the...
For those who don’t know Andrew, he is a former international teacher who grew up in Canada. He has written several personal finance books, and has lived in many places around the world – including Panama, where he and his wife now call home. I should also give an assist to ...
Canada:Go through theCanada Revenue Agency(CRA) to file your business taxes. United Kingdom:The UK offers theCompanies Houseonline portal for you to send yourcompany tax return. Australia:Lodge your business taxes with theAustralian Taxation Office(ATO). ...