Current CRA Business Expense Audit – An Update

In a previous blog, I discussed how CRA recently sent out a slew of letters asking incorporated businesses to provide detailed documentation on various business expense deducted such as travel, auto or advertising.  Last year, CRA also went on a similar expedition but on a smaller scale.   Normally, by this time, which is a year later, taxpayers whose business expenses

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A Wave of CRA Audits of CCPCs

Small businesses, defined as businesses with fewer than 500 employees make up a big part of Canada’seconomy. Many of these small businesses are CCPCs. Small businesses need to be agile and responsiveto changing local and international economic conditions to survive and thrive. The pandemic relatedemployment shrinkages mostly affected small businesses. Now, as Canadians try to move forward, CRAis also moving

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Federal and BC Government Response to the COVID-19 Crisis – For Canadian Small Businesses

It is March 28, 2020 today.  At the end of this week, BC government and Ottawa came up with some huge assistance for small businesses which I will cover here.   I expect their response to only grow as time goes on and I will keep you abreast on new matters. First, Ottawa response and the official link is below.

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