Tag: CRA

Fairness Applications

By on November 10, 2007 Comment BubbleLeave a comment

The income tax act allows an individual to request an adjustment to a tax return back 10 years, even though the date to file a Notice of Objection has expired. The CRA usually allows this application for situations such as… {Read more}

Claiming Automobile Expenses

By on November 10, 2007 Comment BubbleLeave a comment

One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as a van, bus, pickup truck, station wagon or other truck). Many individuals use their automobile for work or business and incur… {Read more}

Home Office Expenses

By on November 10, 2007 Comment BubbleLeave a comment

In a recent Tax Court of Canada case, the taxpayers operated a partnership in their home and deducted costs for painting the exterior of the house, brickwork repair, lawn care and snow removal. CRA disallowed these expenses and called them… {Read more}

CRA Voluntary Disclosure

By on November 8, 2007 Comment BubbleLeave a comment

If you owe money to any of the tax authorities because you failed to file a return for one or more years, you can make a voluntary disclosure. You will pay only the tax due plus interest. No penalties will… {Read more}