No one wants to receive a CRA audit letter, but for real estate agents in Calgary who want to avoid it, there are lots of things you can do. The Canada Revenue Agency (CRA) regularly reviews self-employed professionals, including realtors, to ensure compliance with tax laws. Even an honest mistake
Monthly Archives: February 2025
4 posts
Should you incorporate as a Limited Liability Company (LLC) or a Corporation? Realtors in Calgary often work as independent contractors, which means they have to make big decisions about how to structure their business. While LLCs are popular in the U.S., they aren’t an option in Canada. Instead, Canadian realtors
Few things are more stressful than receiving a CRA late filing notice letter. If you’re a Canadian realtor who missed a tax deadline, the Canada Revenue Agency (CRA) may send you a notice demanding immediate action. Ignoring it can lead to hefty penalties, interest charges, and even further audits. So,
If you’re a realtor and just received a CRA late filing notice letter, don’t panic—but don’t ignore it either. Late tax filings can lead to penalties, interest charges, and even a deeper review of your finances. The good news? You can take action now to minimize the damage. Here are