Did you know?
You should keep your tax return documents, even after you file: “The more organized you can be with receipts and other documentation relating to your return, the better off you’ll be if you are selected for an audit. Be prepared to produce them quickly when CRA asks to see them, and keep in mind that members of your family may be asked to offer up their own documentations as well.”
Have questions? Give us a call at 905-571-2665 (BOOK)!
The CRA does not send emails. If you receive an email claiming to be from the CRA, do not respond and do not click on any links. Be sure to contact Books In Line if you are not sure about anyone contacting you and claiming to be from the CRA. We will look into this on your behalf.
Have questions? Send us an email at [email protected]!
As is the standard in much of Canadian Law, the CRA uses a “reasonableness” test to determine their decisions as they relate to business income. In fact, “reasonable” and “reasonably” shows up an astounding 1219 times in our Income Tax Act. If you plan to do something, consider for example whether or not the CRA would think you “reasonably” expected a profit from your undertaking.
Have questions? Send us an email at [email protected]!
