Making tax time less taxing | Back
Posted 2006-02-23
Leading mid market advisory practice, Berris Mangan has issued some timely advice for taxpayers prior to the upcoming tax season including a listing of topics currently under scrutiny by CRA.
Current CRA audit focus projects include:
- Shareholder and other non-arm's length transactions
- Management fees/salaries
- Legal and professional fees
- Travel and promotion fees
- Real estate transactions
- Allocation of purchase price between land and building
- Treatment of gain from sale transactions
- Non-deductible expenses/personal benefits
- Tax shelters
- Gifting arrangements including donation shelters; and
- Aggressive international tax planning.
Part 2
