Get the best solutions to your challenging questions about payrolls, accounting, bookkeeping, auditing by the Canada Revenue Agency, tax preparations, income taxes, and much more as quickly as possible.
In this scenario, you cannot do your tax file again for that year(s). You have to do your T-1 adjustment, and send it to Canada Revenue Agency (CRA) by post.
For a self-employed income tax return, you need to keep all the bank statements, your income slips, and all the invoices (expense receipts) related to business.
When you have a car and you are using it for your business, you have to preserve fuel, repairs and maintenance, lease payments (if applicable), and other vehicle-related expenses.
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