Navigating 2024 Audit Trends: Foreign Transactions, Business Expenses, and Real Estate
Update: 2024-08-20
Description
The Canada Revenue Agency is targeting foreign transactions, business expenses, the gig economy, and real estate for audits in 2024. High net worth individuals with cross-border transactions are at a higher risk. Business owners should carefully report professional fees to avoid confusion with personal expenses. Real estate transactions are under scrutiny to combat tax evasion. Working with tax accountants like Mew + Company in Vancouver can help navigate these audit patterns and maximize tax savings.
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel