CRA Audit
Many companies may experience a Canada Revenue Agency (CRA) audit. Here’s what you need to know: Types of Audits: Not all CRA audits are the
25 July 2017
Between business and personal taxes, business owners have a lot to prepare for when the end of the fiscal year nears.
For many business owners, tax season is associated with the stresses of deadlines and paperwork. At KWB, our goal is to ease that stress so you can focus on running our business. We help you to plan for tax season in advance, and once it comes around, we take care of all of your filing.
We not only file both your personal and business tax returns, but also look at the two together to get a complete picture of your finances. We help you to understand how personal and business finances intersect, and identify tax minimization strategies for both.
We don’t just limit our tax services to tax season. Throughout the year, we pay attention to your financial situation and aspects of your personal life that might lead to tax savings. For example, we might note that you have paid your son’s university tuition or that your daughter is involved in a sports program and use that information to take advantage of tax credits. We also keep your financial goals in mind so we can help you stay on the right track, even through tax season.
"We help you to understand how personal and business finances intersect, and identify tax minimization strategies for both."
Many companies may experience a Canada Revenue Agency (CRA) audit. Here’s what you need to know: Types of Audits: Not all CRA audits are the
In general, CRA can reassess tax returns for individuals, trusts and Canadian Controlled Private Corporations (CCPC’s) within 3 years from the original Notice of Assessment
The current Small Business Deduction in Canada allows corporations to pay a lower rate of tax on their first $500,000 of active business income. Active
Have you ever wondered about CRA statistics like how many tax returns get filed each year or how much Canadians pay in taxes each year?
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