OBJECTING TO A CRA ASSESSMENT

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Many times, Canada Revenue Agency (“CRA”) does not accept an income tax return as filed.  There may be a dispute regarding the deductibility of expenses or the characterization of income.  Examples of these items may include: Travel expenses incurred in the course of business activities that ...

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CRA Assessments: Employment Expenses for the Owner/Manager

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In March of 2016 the Canada Revenue Agency asked the government for $444.4M in budget allocation for personnel to be tasked with the review of files for potential assessments.  CRA represented that expected to recover approximately $2.6B in tax revenues. In March of 2017 CRA asked the ...

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Jerry Paskowitz Photo Exhibit a Hit

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Sloan Partner and “fotomacher” Jerry Paskowitz celebrates another successful photo exhibit at the Art Square Gallery in Toronto In addition to his career as a CPA, Founding Partner Jerry Paskowitz is also an accomplished travel, nature and fine art photographer.  He has exhibited his work in a ...

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Client Spotlight: Fahimeh Sarvestani Wants to Help You to be Smarter with Your Money

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Marc Anthony once said, “if you love what you do, you will never work a day in your life”. When you speak to Fahimeh Sarvestani about her career with World Financial Group (WFG), you can feel her love and passion for her job as a Mutual Fund Representative and Insurance Agent. But Fahimeh ...

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Tracking your mileage for Business? There’s an app for that

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Most of us are aware that we can claim work-related automobile expenses on our taxes. This all sounds amazing, until you sit down and do the driving math differentiating personal and business trips. Do you go on Google Maps and calculate the route? Sure, but what if you took a detour? Do you ...

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Richard Gold and Randy Urman Celebrate 10 Years at Sloan Partners

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At the recent Sloan Golf Day, Managing Partner Allen Sloan presented Randy Urman (above), Manager and Richard Gold (below), Chief Operations Officer with watches marking their 10 year anniversary with Sloan Partners LLP.  Randy is responsible for providing Accounting and Taxation services to a ...

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CRA Beefs up Investigations into Personal and Business Taxes

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Ever wanted to know what the CRA is looking for these days? In the 2016 budget, the government announced that it would invest $444.4 million in the CRA over the next five years, which includes: “hiring additional auditors and specialists; developing robust business intelligence infrastructure, ...

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CRA Targets Underground Economy of Home Contractors and Renovators

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If you, or someone you know is a contractor, please share this information with them. It is important that you, or them, are made aware of the recent news surrounding Canada Revenue Agency (CRA) and the Federal Court of Appeal (FCA) regarding contractors.

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Estate Administration Tax

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There was a recent in Ontario Superior Court in which the Judge ruled that the use of multiple wills to reduce Estate Administration Tax (probate fees) may be invalid. This decision in the Milne Estate case is under appeal but we are advising our clients to address this matter with their ...

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