Interactive Online Bookkeeping & Tax

Is the reassessment of Mr. Robinson’s 2011 taxation year valid notwithstanding that it was issued beyond the normal reassessment period...

What is a credit score? A credit score is a 3-digit number that allows lenders to determine a potential borrower’s credit risk—the risk...

Waiting until age 70 can make retirement sweeter; here’s a strategy so effective you’ll wonder why you have never heard of it before Oct...

Net-Worth Audits are a blunt audit tool used by CRA to determine what your income is based on the difference between your opening and...

The 50% limitation on meals and expenses is often assumed without question. Subsections67.1(2), (3) and (4) provide multiple exceptions...

The (lack of) Documentary Evidence Checklist where any audit has gone awry, the objection should be approached with two questions in...

Home Office Expenses: Many business owners claim a portion of their residential expenses as business expenses, only to have the claim...

I cannot recall a client who has ever had an acceptable mileage logbook. There is no requirement in the ITA for a taxpayer to keep a...

Reasonable Expense Checklist/Items to Remember The checklist for the application of section 67 of the ITA is sometimes difficult to...

Thinking of Incorporating things to keep in mind: When converting from a sole prop to a corporation some things to keep in mind: There...

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Evidence of Expenses Disputes about the nature of an expense or whether it is reasonable in the circumstances might require evidence...