Huron Partners LLP, Chartered Professional Accountants
10 Kingsbridge Garden Circle Suite #801 L5R 3K6 Mississauga, ON, Canada

http://www.huronpartnersllp.com/technology-using-technolog/

http://www.huronpartnersllp.com/taxation-small-bss-cra-continued/

http://www.huronpartnersllp.com/taxation-small-business-th/

http://www.huronpartnersllp.com/investment-invesrement-continued/

http://www.huronpartnersllp.com/merry-christmas-happy-holi/

http://www.huronpartnersllp.com/investment-investing-retir/

http://www.huronpartnersllp.com/technology-heat-continued/

http://www.huronpartnersllp.com/technology-the-heat-is-on/

http://www.huronpartnersllp.com/pricing-product-service-co/

http://www.huronpartnersllp.com/pricing-product-service/

http://www.huronpartnersllp.com/high-cost-low-interest-rat/

http://www.huronpartnersllp.com/management-high-cost-low-i/ Management - The High Cost of Low Interest Rates

http://www.huronpartnersllp.com/taxation-changes-income-ta/ Taxation - Changes to Income Tax Rules for 2017 (continued)

Are you a contractor who may have incorrectly reported previous years returns in error? The CRA has taken Rona and other companies to court to obtain records relating to purchases and will reassess filings based on information obtained. For example: - filed sales of $100K with net profit of $20K - CRA determines that the contractor has purchased $75K in material with gross profit being 40%... - CRA will recalculate your sales to be $187,500 ($100,000 / 0.40) - HST will be reassessed on the additional $87,500 - Corporate/Personal taxes will also be reassessed on the additional $87,500 in income unreported The matter is serious: Call us 905-848-8830 or www.huronpartnersllp.com

Estate planning Do you wonder how to preserve the wealth you’ve created when passing it on to the next generation. Give us a call to discuss how to limit probate fees (tax). Call us for a consultation at (905) 848-8830. www.huronpartnersllp.com

Are you leaving Canada and wondering what your Canadian tax filing requirements will be moving forward? Give us a call to discuss residency and tax. Call us for a consultation at (905) 848-8830. www.huronpartnersllp.com

Tax Tip: have you purchased a new build investment property and have not paid HST on closing? You only have 2 years from the closing date to correct the mistake. The CRA is sending HST assessment letters in the third year when it is too late for the tax payer to now claim the HST rebate. This can be a costly mistake costing the tax payer $24,000 - $35,000 in lost HST. Call us for a consultation 905-848-8830 or visit www.huronpartnersllp.com

Do you have a AirBnB rental property? Give us a call to discuss your tax filing obligations. HST MUST be self assessed with respect to AirBnB rental income and when the residential property is sold HST MUST be paid. Call us for a consultation 905-848-8830.

Do you own a rental property? Tax Tip: Consider taking capital cost allowance (CCA) or depreciation to defer taxes and only pay taxes when the property is sold. Call 905-848-8830 to arrange a consultation.

Recent court case stressing the importance of getting tax returns done by reputable firms.