How to handle a notice of assessment in Canada?
If you receive a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA), addressing it promptly can prevent additional penalties or…
What is the role of audit committees in Canadian organizations?
In Canadian organizations, audit committees play a pivotal role in maintaining stakeholder confidence by providing independent oversight of…
How to conduct an internal financial audit for a Canadian business?
Begin your internal audit process by clearly defining specific objectives tailored to your company’s operations and compliance…
What tax incentives are available for startups in Canada?
Startups that accurately utilize Canada’s tax incentives can dramatically reduce their initial costs, freeing up capital for growth and…
How to appeal a CRA audit decision in Canada?
If you disagree with the Canada Revenue Agency’s (CRA) audit findings, promptly submitting a formal objection can help you protect your…
How to set up accounting for a new business in Canada?
Establishing a clear and organized accounting system from the outset ensures your business stays compliant with Canadian tax laws and…
How to implement audit recommendations in Canadian businesses?
Begin by assigning clear responsibilities to accountable team members to ensure that each recommendation has a designated owner. This approach…
What bookkeeping systems should startups use in Canada?
Choosing the right bookkeeping system can significantly simplify your startup’s financial management and ensure compliance with Canadian tax…
How to conduct a sales tax compliance audit in Canada?
Performing a sales tax compliance audit requires meticulous preparation and a clear understanding of Canadian tax laws. Start by gathering all…
What is the audit process for non-profit organizations in Canada?
Implementing a clear and efficient audit process helps non-profit organizations meet regulatory requirements and build trust with donors and…