Corporate Advertising and Promotion Expenses: CRA Increasing Reviews
Corporate Advertising and Promotion Expenses: CRA Increasing Reviews Over the past few years, CRA has taken a targeted approach in reviewing amounts claimed under specific lines (based on the type of claim) of a corporate tax return. Various projects conducted included reviews of professional fees, travel expenses and the purchase of certain vehicles. CRA has…
ANDY
Falsified Employment Records: The Penalties Can be Large
Falsified Employment Records: The Penalties Can be Large With numerous COVID-19 benefits being based on employment and remuneration levels, the federal government has likely become increasingly concerned with falsified employment records. However, this is not a new issue. In particular, the government already has experience dealing with false records used to increase access to employment…
Phone Text Scam – A New Normal in Canada?
Phone Text Scam – A New Normal in Canada? Victims Should Call Police Immediately! A new phone text scam that has been circulating in Mississauga and Brampton calls you out by name. The lottery scam, which has been showing up on cellphones today (Oct. 3), knows your name and invites you to claim a prize….
Balbir Saini
Xero Accounting
What is Xero Accounting Xero is an online accounting software for small business owners and their advisors. It provides a complete view of your financials by combining the anytime, anywhere accessibility of the cloud with an intuitive interface and connectivity to data sources like banks and apps. Xero has over 2.45 million subscribers across the globe…
Residential or Commercial Property?
There are several notable differences between residential and commercial real estate. Residential properties in Canada are single-family homes, and small rental residences. Commercial properties often contain a larger number of rental units. Common residential properties in the Greater Toronto area include condominiums, homes, and duplexes. Common commercial properties include retail, offices, industrial buildings, and hotels….
Sarnail Singh
Phase – 1, 2 & 3 in Environmental Due Diligence
An increasing number of people are getting involved in buying and selling property, much of which has been focused on the commercial sector. This rising popularity has led to more people wondering what’s involved in commercial real estate. There may be more factors involved in this than many people may expect. As a result, many…
Due Diligence in Commercial Real-Estate
Real estate is a rising industry in Ontario, and we should be extra careful about the properties that we are trying to buy. When a property is offered to us for sale, we should be asking the experts about their take on whether we should buy it or not. This is where due diligence comes…
Patent & Latent Defects in Real-Estate
THE IMPORTANCE OF AN INSPECTION WHEN PURCHASING PROPERTY Unfortunately, the word of the seller may not be enough when purchasing property. Hiring an independent inspector will ensure the purchaser there is nothing wrong with the property while saving them a lot of aggravation and money. Nearly everyone believes one of the biggest decisions they will…
How to Reboot Business in the wake of Covid-19?
The era of COVID-19 has been historic and unprecedented. With the shutdowns of millions of businesses, and the changed operations of others, this period of time has been quite a roller coaster ride for business in Canada. Business owners have to restart their businesses amid this epidemic, with varying levels of uncertainty. Business during COVID…
How to Evaluate a Business That’s for Sale in Canada
Purchasing a business in Ontario, is usually a quicker process compared to starting up one from scratch. However, it is critical to ensure that you have the capacity to manage the new business so that you don’t end up overpaying for it. Before embarking on the journey, there is much that you must learn. You…
- 1
- 2