TAX TICKLERS… some quick points to consider…

  • CRA recently sent out processing review letters in
    error to some taxpayers rather than their authorized
    representative. If you received a letter from CRA that
    appears unusual, please contact us.
  •  A Court recently denied an individual’s travel
    expenses as no log was maintained in respect of
    the travel. The Court did not accept an estimate of
    business travel based on the locations where
    contracts were signed.
  •  A recent report found that more than 80% of Canadian parents do not understand the benefits of Registered Education Savings Plans (RESPs). That said, nearly half of adult Canadians currently contribute or have contributed to an RESP.

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