CRA announces the Review of 200,000 Taxpayers this Tax Season
The Canada Revenue Agency has been clear in its message; it has been ramping up with increased Audits/Reviews, and additional Auditors....
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info@prostratag.ca
- Jul 20, 2021
- 4 min
What is the "real cost" of dealing with Canada Revenue Agency?
Note: The names and details have been changed to uphold privacy. Ken and Mary run a small business and spent more than a year replying to...
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info@prostratag.ca
- Jul 16, 2021
- 3 min
The Top 4 Commonly Misapplied Tax Deductions
Whether you turn to a professional firm or prepare your own taxes, your signature says you agree with the contents of your return. When...
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info@prostratag.ca
- May 19, 2021
- 1 min
You got the CEBA loan but did you claim it as income for 2020?
ProStrata-G recently learned that The Canada Revenue Agency is already performing reviews (precursor to an audit) on Small Businesses...
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info@prostratag.ca
- Nov 4, 2020
- 2 min
The Fire Behind the ProStrata-G Name.
Last week we lost our friend, our co-worker, our business partner, and founder, Jason Stufko (1977-2020). Jason started his accounting...
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info@prostratag.ca
- Apr 8, 2020
- 1 min
What Every Canadian Small Business Needs to Know: Audit Triggers and Tax Compliance.
Did you know that 54% of CRA audit revenue comes from the small business sector. Don't leave anything to chance! Understand the common...
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info@prostratag.ca
- Apr 8, 2020
- 2 min
Claiming Home Office Expenses?
The most common incorrectly calculated expense is the home office claim. It is a highly disputed and denied claim by The Canada Revenue...
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info@prostratag.ca
- Mar 25, 2020
- 2 min
Simple Bookkeeping Filing System for Small Business
Bookkeeping for small business includes keeping invoices, receipts and documents filed and organized. The following system is suggested....
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info@prostratag.ca
- Mar 1, 2020
- 2 min
Who are we? How did we get here?
ProStrata-G Team: Left Back: Nate Brideau Right Back: Jason Stufko Front: Melanie Meilleur Nate Brideau and Jason Stufko have worked in...
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info@prostratag.ca
- Mar 1, 2020
- 5 min
Mourning Family in shock after CRA demands $9,000 repayment.
We all dread THAT letter - especially, when in times of crisis and grief. One family is left reeling as details regarding their income...
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info@prostratag.ca
- Dec 7, 2019
- 2 min
Loyalty Point Redemptions Count as Income? Since When?
New Tax policies have just been implemented by The Canada Revenue Agency. Expect to see more scrutiny regarding loyalty points and...
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info@prostratag.ca
- Nov 29, 2019
- 2 min
Signs That You Need to Outsource Your Bookkeeping
Perhaps you started small enough that bookkeeping was barely a part-time endeavour. However, as your business grows, so will your...
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info@prostratag.ca
- Nov 25, 2019
- 2 min
Holiday Gifts and Awards - Know the tax implications before Gift-Giving
CRA rules for Business-related gift giving and receiving can be confusing. It is the responsibility of all small business owners to fully...
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info@prostratag.ca
- Nov 22, 2019
- 3 min
Why Quickbooks Online?
ProStrata-G has connected with QuickBooks Online to create a revolutionary bookkeeping experience - a combination of one-on-one business...
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info@prostratag.ca
- Nov 15, 2019
- 1 min
Financial Terms for Business Owners
At some point you will be faced with financial concerns regarding your small business. Investors, partners, accountants and bookkeepers,...
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info@prostratag.ca
- Nov 8, 2019
- 3 min
Filing Deadlines for Small Business
Filing deadlines are non-negotiable with The Canada Revenue Agency. It is your responsibility to file on time, everytime. GST, RST (PST),...
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info@prostratag.ca
- Oct 29, 2019
- 2 min
CRA TAX COMPLIANCE - What you need to know
Whether you are new to business, or have dealt with The Canada Revenue Agency before, you may feel intimidated when it comes to taxes and...
90 views0 comments