December 15, 2025 - kdprofessional

The Different Departments of the CRA: 5 Program Branches, Part 2

December 15, 2025

On our last blog, we covered the first 2 program branches – Assessment, Benefit and Service Branch and the Compliance Programs Branch. On this blog, we’ll take a look at the last 3 Program Branches of the CRA and their

The Different Departments of the CRA: 5 Program Branches, Part 1

December 15, 2025

As mentioned in our previous blog on the Different Departments in the CRA, there are 5 Program Branches which provide policy and technical support to individuals and businesses through the CRA’s tax service offices and regional tax centres. We will

Understanding the CRA’s Organizational Structure: The Different Departments in the CRA

December 15, 2025

Under the Commissioner and Chief Executive Officer, there are 12 headquarter branches and 5 regional branches. 5 of these headquarter branches are Program Branches, which provide policy and technical support to individuals and businesses through the CRA’s tax service offices

Never Send Original Documents to the CRA!

December 15, 2025

So I have written a few blogs that discuss receipts and documentation. In every one I have said never, never, ever send the CRA original documentation. As an auditor I reviewed lots of documents, and never demanded originals. I would ask

CRA`s Review of your Tax Return: The selection process and types of reviews

December 15, 2025

The CRA employs a number of ways to select an income tax return for review. It could be by random selection or comparison of information returns to information received from third-party sources or types of deductions or credits claimed and

What to do with unused tuition, education or textbook amounts Part 2

December 15, 2025

The amount of the tuition or education tax credit used by the student is calculated before the dividend tax credit is deducted. Because of this, it is possible that no transfer of tuition or education amount will be allowed if

A review of the T1 jacket Part 1

December 15, 2025

If we break down the T1 Personal Income Tax Return, we will find that there are only a few sections that we need to know and understand about this form. The most important pages of the income tax return are

Filing your Information Returns for your business Part 2: The RZ Account Number

December 15, 2025

An account number consists of 15 characters in 3 parts: Each business or legal entity should have one Business Number or BN. The program identifier and reference number identify the account. As mentioned on my last blog entry, the RZ

Authorizing a business representative to act on your behalf with the CRA

December 15, 2025

If you have authorized a business representative such as an accountant, bookkeeper or tax professional to act on your behalf with the CRA, there are some important things you have to keep in mind. Source: cra.gc.ca

Financial Statements 101: Balance Sheet

December 15, 2025

The Balance Sheet has a formula to determine how much equity is in the business Assets – Liabilities = Equity. This is similar to your personal net worth. You will need to look at your balance sheet no less than

The Different Departments of the CRA: 5 Program Branches, Part 2

The Different Departments of the CRA: 5 Program Branches, Part 1

Understanding the CRA’s Organizational Structure: The Different Departments in the CRA

Never Send Original Documents to the CRA!

CRA`s Review of your Tax Return: The selection process and types of reviews

What to do with unused tuition, education or textbook amounts Part 2

A review of the T1 jacket Part 1

Filing your Information Returns for your business Part 2: The RZ Account Number

Authorizing a business representative to act on your behalf with the CRA

Financial Statements 101: Balance Sheet

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