CRA Vehicle Expenses Audit
The Canada Revenue Agency are focusing on business car and vehicle expenses.
Do you claim your car as a business expense and tax deduction?
With many accounts, businesses and corporations an area that the Canada Revenue Agency (CRA) has been targeting their efforts with audits recently are on vehicle expenses.
Many businesses claim vehicle-related items as a business expense, and the CRA has been ensuring due diligence on their part to confirm thee are legitimate business expenses.
Do you have mileage logs and the necessary documentation?
If you are experiencing issues related to car expense audits or need to ensure you are within the CRA’s rules and guidelines, we can help.
There are any number of traps awaiting the unsuspecting entrepreneur, so call us at 905-528-0234 to start planning the tax strategies for your corporation today.
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