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Check out our Tax Tips with The Mad Accountant
TTT: Personal Services Business (PSB)
Do you have a corporation that only serves one client? Be careful how you file your taxes! The CRA is cracking down on Personal Service Businesses big-time and the costs can be huge.
TTT: CERB Repayment and Short-Term Rentals
Guess what? The CRA actually admitted they were wrong about part of CEBA! They were not clear about eligibility near the start for small businesses, and are giving people a break if they were fooled by this. But make sure you get it right! Not everyone is getting a break!
TTT: CEBA, CERB, and CEWS
Deadlines are coming for CEBA loan repayments and the CRA is on a rampage going after people who may not have been eligible for the grants they took. Lots of audits are happening, and it can be hard to navigate!


