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The Canada Revenue Agency (CRA) has significantly increased its focus on incorporated drivers in the trucking and transportation industry. Both incorporated drivers and trucking companies are facing a growing number of audits where CRA is challenging whether these arrangements represent true independent contracting or disguised employment. This issue carries serious tax and compliance risks for all parties involved and is an area where proactive review can prevent costly reas

As your corporation’s fiscal year-end approaches, now is the perfect time to take a closer look at your financial position and identify opportunities to reduce your corporate tax burden. Strategic year-end tax planning ensures your business remains compliant, profitable, and positioned for success in the upcoming year. Here are some key corporate year-end tax planning strategies  Canadian business owners should consider. 1. Review and Maximize Business Deductions Ensure that