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...
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