CRA requests for personal banking info: Out of line?

Corruption audit concept. Inspector using magnifying glass for inspect budget corruption."n

Many practitioners are surprised when tax auditors ask for banking records from business owners and their families. Find out the reasons behind these requests and how you can make small business audits proceed more efficiently. Asking taxpayers for their personal banking information is invasive ...

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Eliminating Unexpected Accounting Fees for CRA Audit Activity

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We are excited to introduce a new service offering to our valued clients – the Audit Shield Fee-Waiver Service. This is service is supported Accountancy Insurance Brokers Ltd. Simply put, clients that participate in this service will have our fees waived for responding to audits, enquiries, ...

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Halloween Celebrations at Sloan Group

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Sloan Group celebrated Halloween by hosting a costume contest where everyone voted for their favourite costume. Employees had a freaky fun time with creative costumes and the party ended with a festival-themed lunch. Check out all the best moments from the fun afternoon.      

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Tax Update – Federal Fall Economic Update And Ontario Government Decision On Corporate Passive Income

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The Federal Government’s 2018 Fall Economic Update cites the radical tax changes in the US which have eroded the relative tax advantage for corporations doing business in Canada.  In response, the federal government has announced $16.5 billion in tax measures over the next six years and $1 ...

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Take Charge of Your Financial Well-being

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Each November, many agencies coordinate efforts to strengthen the financial literacy of Canadians and empower them to: Manage money and debt wisely Save for the future Understand financial rights and responsibilities While most of the people I meet as an accountant and advisor are knowledgeable ...

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Update: TOSI (The Tax on Split Income)

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In July of 2017, the Department of Finance sent the Canadian tax community and business owners into a turmoil when they announced radical changes to the taxation of businesses and owners while most people were away for vacation.  One of the initiatives which survived in a modified form was the ...

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