Small Business Tax Accounting

Veronica is a vibrant woman in her early 60’s. She had approximately $800,000 invested in a variety of financial instruments, and owns her own corporation.

John was a very busy man operating his super market business. As many individuals do, he neglected to file corporate income tax returns and payroll remittances for about four years. Canada Revenue Agency (CRA) was not impressed with John. CRA sent numerous letters to John reminding him of his obligation to file the corporate tax and payroll remittances.