Kerr Kelowna Business Accountant Blog pics
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How To Create Your Online Business CRA Account

Tired of waiting in long queues on the phone to get information from CRA? Business taxpayers can access their business (and personal) CRA accounts online. CRA MY BUSINESS ACCOUNT CRA’s my business account is an easy-to-use online portal…
Kerr Kelowna Accountant Blog pics (12)
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How To Create Your Online Personal CRA Account

Tired of waiting in long queues on the phone to get information from CRA? Individual taxpayers can access their personal (and business) CRA accounts online. CRA MY ACCOUNT CRA’s “my account” is an easy-to-use online portal that allows…
UNDERGROUND ECOMONY

UNDERGROUND ECONOMY: Areas of Focus

CRA recently discussed one of their top priorities; identifying those involved in the underground economy and ensuring that they are satisfying their tax obligations.   They specifically noted that they are using data analytics to…
Kerr Kelowna accounting firm

2020 TAX PLANNING CHECKLIST

DECEMBER 31, 2020 is fast approaching! Kerr & Company, your Kelowna accounting firm, has prepared a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation.    SOME…
transition tax

U.S. TRANSITION TAX: IRS Starting Compliance Work

In general, U.S. shareholders were required to pay a transition tax on the untaxed foreign earnings of certain specified foreign corporations as if those earnings had been repatriated to the United States.  This tax could apply to a U.S. citizen,…