In many cases a clear photo or scan is accepted in place of the paper. But a photo is a picture, and a record is a picture you can find, read and produce six years from now. A blurry photo may not be ...

CRA's rule is six years, but the six years don't start when you buy something or when you file your return. They start at the end of the tax year the record belongs to. That's where most people miscou...

A CRA reclassification isn't a formality. If CRA determines that someone treated as self-employed was really an employee for a period under review, the business can become responsible for payroll o...

If you run a small business in Canada, you've probably wondered whether you're following all the CRA rules. The CRA is the Canada Revenue Agency, the federal government body that collects tax and sets...

If you do freelance bookkeeping in Canada, your clients probably assume you know every CRA rule. The CRA is the Canada Revenue Agency, the federal body that collects tax and sets the reporting rules. ...

A remittance payment to the CRA looks like just another payment leaving the bank account, but recording it the wrong way can quietly throw off a liability account without anything looking obviously...

A side project that starts making money raises a real question: is this a business now, with all the reporting obligations that come with it, or is it still just a hobby that happens to bring in a ...

Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.

A Business Number, sometimes called a CRA Business Number or simply a BN, i...

Is the CRA Using AI to Audit Canadian Small Businesses?

Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.

The short answer is y...