Stay informed on recent Canada Revenue Agency audit trends. Learn key insights into compliance and what businesses must do to prepare effectively for audits.
Recent Canada Revenue Agency Audit Trends: Key Insights Read More »
House flipping has become an increasingly popular investment strategy in Canada, but it has also attracted significant attention from the Canada Revenue Agency (CRA). With new property flipping rules introduced in 2022 and the CRA recovering $1.4 billion from real estate audit activities in Ontario alone between April 2015 and March 2023, understanding the common
Top 5 Mistakes House Flippers Make That Trigger CRA Reassessments Read More »
The Canada Revenue Agency has dramatically escalated its enforcement activities against property flippers, conducting over 60,000 audits that have resulted in more than $2 billion in taxes and penalties assessed. Understanding how the CRA identifies and targets property flippers can help you navigate these waters legally and ensure compliance with your tax obligations. How the
CRA Audit Secrets Revealed: What House Flipping Experts Don’t Want You to Know Read More »
Getting a call or letter from the Canada Revenue Agency can instantly spike your stress levels. Whether you’re a business owner or individual taxpayer, that moment when you realize the CRA wants to talk can feel overwhelming. But here’s the thing – how you respond in those first few minutes can make the difference between
Introduction: What Are Acquisition Agreements and Why Do They Matter? When one business acquires another, the headlines often focus on the final handshake or the dollar figures involved. What rarely makes the news, however, is the comprehensive legal document that makes the entire transaction possible: the acquisition agreement. This critical contract serves as the roadmap,
Are you wondering what might put your tax return on the Canada Revenue Agency’s radar? Understanding what triggers a CRA audit can help you avoid unnecessary scrutiny and ensure your tax compliance stays on track. The CRA doesn’t select tax returns for audit randomly. Instead, they use sophisticated risk assessment systems to identify returns that
What Triggers a CRA Audit? Common Red Flags for Businesses & Individuals Read More »
House flipping has long been a way for Canadians to turn a quick profit in real estate. But starting in 2023, the Canada Revenue Agency (CRA) introduced new anti-flipping rules that can significantly impact how your house flip profits are taxed. If you’re a house flipper in 2025, it’s crucial to understand these rules and
Can You Qualify for an Exception? Life Events That May Save You from CRA’s Flipping Tax Read More »
House flipping has long been a way for Canadians to turn a quick profit in real estate. But starting in 2023, the Canada Revenue Agency (CRA) introduced new anti-flipping rules that can significantly impact how your house flip profits are taxed. If you’re a house flipper in 2025, it’s crucial to understand these rules and
What the CRA’s New House Flipping Rules Mean for You in 2025 Read More »
Facing a Canada Revenue Agency (CRA) tax audit can be intimidating, but you don’t have to manage it alone. With the right preparation and professional support, the process can become far less stressful and far more manageable. At Beganyi Professional Corporation Law Firm, we specialize in providing tailored legal expertise that simplifies audits, protects your
Navigate CRA Tax Audits with Confidence—Expert Guidance Every Step of the Way Read More »
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