Monthly Archives: April 2015

Year End Matters

Many corporations have year ends at December 31 and personal tax returns all operate on a calendar year basis. So, here are a few things to check to make sure you are in compliance with Canada Revenue Agency’s reporting requirements:…

Avoid tax penalties and interest

Canada Revenue Agency (CRA) imposes various penalties and interest to encourage people and corporations to file tax returns and pay taxes on time. Here are a few of the penalties and interests imposed by CRA: Interest on unpaid amounts owing.…