At Can-Am CPA Professional Corporation, we are experienced accountants that come up with knowledgeable financial strategies in an open and friendly environment. We also like to take on unique tax issues, which forces us to learn and makes us more well-rounded accountants who can better serve clients. Please keep reading to learn about how we helped a client sell a racehorse.

Taxation and accounting are two of the most complex processes that people have to work and deal with. Whether the individual is running a business, company, or their individual accounts, they have to have their finances and their books in place. Not dealing with their books properly could lead to significant issues with the authorities when it comes to taxation. If they do not pay the correct amounts, individuals can face fines and penalties, even leading to jail time.

Whether you’re an individual looking to file your tax returns for the first time or a business owner aiming to organize your payroll, an experienced accountant can help. A professional accountant has the financial acumen to analyze your receipts, improve your monthly cash flow, and keep you in good books with the Canadian Revenue Agency. 

Original Article Source Credits:   CPA Canada , https://www.cpacanada.ca/

Article Written By:  MICHELLE SINGERMAN

Original Article Posted on:  5.17.2021 

Link to Original Article:  https://www.cpacanada.ca/en/news/canada/2021-05-17-small-biz-setup

Original Article Source Credits:    Intuit and QuickBooks  , https://quickbooks.intuit.com/

Article Written By:  Kari Brummond

Original Article Posted on:  NA

Link to Original Article:  https://quickbooks.intuit.com/ca/resources/accounting-news/voluntary-disclosures-program-rules/

Original Article Source Credits:   Money Sense , https://www.moneysense.ca/

Article Written By:   JASON HEATH

Original Article Posted on:  JANUARY 25, 2021

Link to Original Article:  https://www.moneysense.ca/columns/ask-a-planner/rrsp-contribution-myths-and-facts/

Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Adam Othman 

Original Article Posted on:  January 27, 2021

Link to Original Article:  https://www.fool.ca/2021/01/27/cra-emergency-payments-2-helpful-benefits-you-can-get-in-2021/

Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Puja Tayal 

Original Article Posted on:  December 28, 2020 

Link to Original Article:  https://www.fool.ca/2020/12/28/canada-revenue-agency-big-changes-coming-in-your-paycheck-in-2021/

Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Daniel Da Costa 

Original Article Posted on:  December 28, 2020

Link to Original Article:  https://www.fool.ca/2020/12/28/are-you-saving-for-retirement-consider-this-crucial-decision/

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Greg Dalgetty

Original Article Posted on:  November 19, 2020

Link to Original Article:  https://www.advisor.ca/news/economic/canadian-sees-value-in-a-wealth-tax/

Original Article Source Credits:    The Motley Fool , https://www.fool.ca/

Article Written By:  Joey Frenette 

Original Article Posted on:   November 25, 2020

Link to Original Article:  https://www.fool.ca/2020/11/25/canada-revenue-agency-warning-some-canadians-may-have-to-repay-cerb-amounts/

Original Article Source Credits:   Canada.ca, https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-11-23

Link to Original Article:  https://www.canada.ca/en/revenue-agency/news/2020/11/canada-revenue-agency-opens-applications-for-the-canada-emergency-rent-subsidy.html

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:   2020-10-21

Link to Original Article:  https://www.canada.ca/en/services/benefits/ei/cerb-application/transition.html

Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By:  Puja Tayal

Original Article Posted on:  October 6, 2020

Link to Original Article:  https://ca.finance.yahoo.com/news/canada-revenue-agency-now-apply-120423492.html

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Rudy Mezzetta

Original Article Posted on:  October 9, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/feds-score-big-with-extra-funding-of-cras-business-compliance-programs/

Original Article Source Credits:   CANADA , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  September 3, 2020

Link to Original Article:  https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2020/beware-schemes-promise-large-tax-deductions-tax-free-income.html

Original Article Source Credits:    The Motley Fool Canada , https://www.fool.ca/

Article Written By:  Puja Tayal

Original Article Posted on:  August 27, 2020

Link to Original Article:  https://www.fool.ca/2020/08/27/cra-tax-breaks-how-to-reduce-your-tax-bill-this-september/

Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/

Article Written By : Rudy Mezzetta

Original Article Posted on : July 20, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/feds-expand-eligibility-for-600-payment-to-canadians-with-disabilities/

Original Article Source Credits: CANADA , https://www.canada.ca/

Article Written By : NA

Original Article Posted on : 2020-07-20

Link to Original Article:  https://www.canada.ca/en/department-national-defence/maple-leaf/defence/2020/07/civilian-employees-overpayments.html

When it comes to selling property in Canada, there are several regulations in place to ensure you meet the requirements of the government, and the transfer of your title is valid. However, if you happen to be a non-resident of Canada, your obligations during the sale of the property will differ significantly, especially from the perspective of tax implications.