Exporting Vehicles under the Select Luxury Items Tax Act
Exporting a vehicle subject to the Select Luxury Items Tax Act (SLITA) can lead to a rebate of the Luxury Tax paid, but navigating the process involves adhering to specific conditions. This guide will break down the requirements and steps necessary to claim a rebate when exporting a luxury vehicle. Understanding Section 39 of the Select Luxury...
How to Handle CRA Audits
Receiving a notice of audit from the Canada Revenue Agency (CRA) can be a daunting experience for taxpayers. However, with the right approach and guidance, navigating a CRA audit can be manageable and less stressful. In this blog post, we’ll discuss tips on how to handle CRA audits effectively, drawing insights from a Toronto tax...