Category Education

How Avoid A CRA AUDIT WITH A RENTAL PROPERTY?

To avoid triggering a CRA audit when reporting income and expenses for rental properties, it’s essential to follow best practices for accurate reporting, proper documentation, and adherence to CRA guidelines. Here’s how you can reduce your risk: 1. Report All Rental Income…

Tax Tips:

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💸 How to Save on Taxes with CRA: Maximize Tax Credits Contribute to Tax-Advantaged Accounts Claim Deductions to Lower Taxable Income Split Income Optimize Investments Small Business Benefits Defer Income Stay Organized Note: Tax rules and credits change annually. Be…