Category Archives: CRA RevCan

Financial statements – the good, bad and ugly

The financial statements are a written record of the operations of a business at a specific point in time. Usually for a small to medium enterprise (SME) this is a year end. In British Columbia, every company is charged with having such a record prepared. ( Part 6 of the British Columbia Business Corporations Act […]

A great CRA story

And yes, this really is true – I used to get a lot of calls about clients from the federal government. CRA: well we’ve been trying to get hold of Mr. Smith for some time but his number is disconnected. Me: He’s gone off the grid, I doubt he has a phone. CRA: He’s not […]