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.