The CRA is now in the collections business

by: Adam

When your in small business you have to get used to the CRA being your business partner.  It’s not like you have any choice in the matter. When you open a business you are officially partnered with the Canada Revenue Agency.  This business partner is the most ruthless and vicious that you will ever encounter. Let me advise you that they are not your friend. What is interesting is they like to think that they are. They have the friendliest tone and voice and they never yell and make you feel like your time is always available for them.   I have had my fair share of government audits in the 11 years I have been in business. Most are just a waste of time and others they have found reasons for me to pay a hefty penalty and interest on a late payment of my Source Deductions.  This interest and penalties will crush…