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Check out our Tax Tips with The Mad Accountant
TTT: CRA Audits & Reviews — Not the Same Thing!
You've got mail! Did you open it? You really ought to. This year's reviews are focusing on home office and automobile expenses, disability tax credits, and HST rebates for businesses.
TTT: Tax Implications of Insurance Payouts
Did your property or business get affected by the tornado? I'm very sorry to hear if it did. Many people are receiving insurance payouts, but it's important to make sure you claim everything properly on your taxes next year!
TTT: CERB — Are You On the Hook?
Lots of people claimed CERB when they weren't really eligible, especially in the early days of the pandemic. Unfortunately, the CRA wants their money back.


