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Check out our Tax Tips with The Mad Accountant
TTT: MyCRA & MyBusiness Accounts
Have you created your MyCRA account yet? What about for your business? These are absolutely essential these days, especially for businesses. In fact, we cannot do our jobs without access to your MyBusiness account, so you need to create one! Read here for instructions.
TTT: Don’t Over Deduct Taxes!
What are you "writing off" with your small business? Are you looking at every possible expense you could and saying it's for your business? Well, be careful. The CRA does pay attention to these things, and they do not take kindly to it when they catch people deducting things they shouldn't. If you get caught, it can be very expensive!
TTT: Mortgage Market Shifts
High interest rates are really starting to catch up with the Canadian housing market. By now, even those who were lucky enough to renew right before all the rate hikes have gotten caught up in it. So, what can you do?