Navigating CRA Audit Focus Areas in 2024
Update: 2024-08-20
Description
In this episode, we discuss the Canada Revenue Agency's focus areas for audit in 2024, including foreign transactions, business account expenses, the platform economy, and real estate. High net worth individuals with cross-border business transactions and foreign investments are at a greater risk of being audited. Business owners should be cautious when reporting professional fees to avoid confusion with personal expenses. The gig economy is also under scrutiny to ensure compliance with reporting requirements. Real estate transactions are drawing attention to combat tax evasion. Working with knowledgeable tax accountants like Mew + Company in Vancouver can help individuals and businesses 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
Download from Google Play
Download from App Store
United States00:00
00:00
x
