Shaelene’s Tax Tip of the Week – April 29th

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]!

Shaelene’s Tax Tip of the Week – November 21

Did you know?

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? Give us a call! 905-571-2665

Shaelene’s Tax Tip of the Week – July 17

Consider this… 

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 1,219 times in our Income Tax Act. Before you plan on doing something, consider for example whether or not the CRA would think you “reasonably” expected a profit from your undertaking.

Have questions? Give us a call at 905-571-2665.