Reducing Audit Risks of Vehicles Used in the Business
Most businesses could not operate without using a vehicle somehow and will purchase vehicles in the name of the business to be used as such. Whether the Canada Revenue Agency is going to allow them to write off the entire cost of a vehicle depends both on the type of vehicle and the extent to […]
THE INTENT: REAL ESTATE DISPOSITIONS
Be clear with your intent, especially when it comes to real estate. Given the new levels of heightened scrutiny by the Canada Revenue Agency (“CRA”) here in B.C., where real estate transactions are being targeted, it would be wise not to try and “cheat” the tax-man. It is amazing how many individuals do not report […]
