Richard FonagyMay 17, 20232 minThe New Canadian Tax Free First Home Savings Account The Canadian First Home Savings Account (FHSA) is an initiative introduced by the Federal Government to assist prospective first-time...
Richard FonagyJun 23, 20221 minAre Your Expenses Reasonable or Should You Be Worried? How To Confirm:This may be one of the most important websites to avoid an audit: If you want to compare your clients NAICS code to what CRA expects to...
Richard FonagyJun 23, 20221 minWhy you should never mix personal and business expenses in your corporation? Audit Tip: Do you know what one of the major reasons not to mix personal and business expenses? Has nothing to do with accounting, any...
Richard FonagyJun 7, 20223 minAssociated, Affiliated, Connected, Non Arms Length - When are these applicable to your corporation?Affiliated, Connected, Associated Non Arm Length- What is the difference and when is it used? For those interested The Income Tax Act...