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10 Red Flags that could Cause the CRA to Audit You

The Canada Revenue Agency (CRA) sends around 30,000 letters every year letting people know that they’re being audited. While this is just a fraction of the 27 million people who file their taxes, you shouldn’t assume that getting an audit notice is completely random. Your chances of getting audited decrease if you keep an eye…

What is a Health Spending Account (HSA) and How can it Help you Save Money

A Health Spending Account (HSA) is a self-insured health plan which can be arranged by employers for their employees. Small business owners spend a considerable amount of money every year on medical expenses for themselves and their employees. An HSA offers an affordable way for owner-managers to reduce these expenses. Reasons for Choosing an HSA…

How will various Covid-19 Support Programs affect your Income Tax Return?

Today we’ll take a look at how the various Covid-19 support programs, provided to both individuals and businesses, will affect their tax returns. 1. Support Programs for Individuals Several programs were started to support individuals and their families during the Covid-19 pandemic. For most programs, the Canada Revenue Agency (CRA) will be issuing a T4A…

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10 Red Flags that could Cause the CRA to Audit You

What is a Health Spending Account (HSA) and How can it Help you Save Money

How will various Covid-19 Support Programs affect your Income Tax Return?

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