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Navigating 2024 Audit Trends: Foreign Transactions, Business Expenses, and Real Estate

Navigating 2024 Audit Trends: Foreign Transactions, Business Expenses, and Real Estate

Update: 2024-08-20
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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.
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Navigating 2024 Audit Trends: Foreign Transactions, Business Expenses, and Real Estate

Navigating 2024 Audit Trends: Foreign Transactions, Business Expenses, and Real Estate

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