Entries by Padgett Accounting

July Small Biz Builder

In This Issue: Corporate Directors Liability Business Investment Loss—Denied Payroll Made Easy Online Advertising Income Owner-Managed Business-Creditor Proofing CRA’s Priority  Click here to download

What happens to your tax return after filing?

Personal Tax Returns Processed by CRA Canadians file more than 26 million individual income tax and benefit returns each year, and all are electronically analyzed. Based on this analysis, CRA selects certain returns for review because they are high-risk.

March Small Biz Builder

In this Issue: Ask the Experts: Free Cost Analysis Personal Tax Returns Processed by CRA Claiming Automobile Expenses Employer-Paid Disability Premiums Registered Educational Savings Plan Click here to download    

December Newsletter

In This Issue: Contribute to Your RRSP Outsourcing Your Payroll Eligible Deductions & Credits $750,000 Capital Gains Deduction Use Capital Losses Other Tax Planning Issues Click to Download  

November 2013

In this Issue: “Soft” Loans for Your Children Time is Money. Save Time… Wills and the Executor Hiring Credit-Small Businesses – Extended to 2013 Click Here to Download

Door Prizes at Company Functions

In a 2013 Technical Interpretation, CRA wasquestioned about door prizes received by allattendees at a company social function.CRA commented that their tax-free $500 giftsand awards policy would apply to all attendeesincluding the employee, the employee’s spouse,and all other non-arm’s length individuals thatreceived a gift.

October 2013

In this Issue: Stop International Tax Evasion Program Door Prizes at Company Functions Lifetime Capital Gains Exemption (LCGE) Estate Planning Click Here to Download