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It is Reassess First, Ask Questions Later Era at CRA

There is a trend taking place in the last twelve months.  The number of CRA reviews that I am dealing with have increased noticeably.  Many of these reviews are not for an earth shattering amount of GST or income taxes being reviewed.  They are what I would call random audits to see if the taxpayers randomly chosen are being honest

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Why a Real General Ledger is the First Line of Defense During a CRA Tax Audit

Many mature businesses have endured this at least once during their life time – a CRA tax audit.  Most businesses survive an audit with no issue.  This happens when the business has an adequate set of financial records that is easy for the CRA auditor to examine.  So what makes up an adequate set of financial records. First of all,

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Thinking About Buying a Small Business?

Buying a Small Business, Accounting Tips to Minimize Due Diligence Costs Successful businesses are often on the hunt to acquire other businesses for strategic reasons. Acquiring a competitor to increase market share or buying out a supplier to add synergy to an existing business are just a few of the many reasons businesses seek acquisitions. At times, an acquisition may be

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