Recent news alerted all Canadian online business owners that their PayPal Business Accounts will be handed over to the CRA. This will have serious tax consequences if they have Unreported PayPal Business Income. This news is a result of the Canada Revenue Agency (CRA) moving forward to aggressively address non-compliance specifically unreported income or » Read More
Tax 911 Blog
Tax Audit Help at Tax Review Time
When you send in your tax returns to the CRA, its computer servers will perform several checks on your file and if there is any suspicion or doubts on inaccuracy or misrepresentation, a Notice of Assessment will be issued to you. This notice is generally about two or three pages in its length and will » Read More
CRA Garnishments: The CRA Tax Debt Recovery Tools
The CRA will always get their money and if you think differently you could be in for a nasty surprise. There are plenty of things they can do to make sure that you pay and they will not think twice about CRA garnishments on your salary if they think that will work. You will be » Read More
Taxpayer Relief Program in Canada and How To Be Successful
Paying tax is just one of those things and it is something we just have to get on with regardless of whether we think it is fair or not. Failure to keep up to date can be very expensive as the CRA will add interest to your bill and getting that back is not easy. » Read More
Unreported Foreign Income to the CRA: CRA’s Target
The tax collector is the same no matter which country you live in. They will leave no stone unturned when going after a delinquent tax payer. That’s why people with unreported foreign income to the CRA must be aware of the CRA’s new methods of getting to them. The Canada Revenue Agency has maximized enforcement » Read More
What Can You Do With Your CRA Tax Problems Canada?
What tax issues are you facing now? If you are a Canadian tax payer who is confronted by the government’s tax collector, the Canada Revenue Agency, you require immediate help. Tax problems Canada sufferers exist. There are thousands of businesses and individuals who do not know how to deal with their tax debts issues. The » Read More
How The VDP Canada Submission Works
Alternatively called Tax Amnesty or Tax pardon, the Voluntary Disclosures Program (VDP) belongs to the Canada Revenue Agency. The CRA uses the VDP Canada program to collect pending taxes from the taxpayers in a respectable manner. Taxpayers are requested to step forward and correct their tax information and disclose new information they had previously withheld. » Read More
The Problems You Face With A CRA Bank Freeze
The CRA are not going to give up on money they believe they are owed. They will also not take your circumstances into account when they need to be paid, but will expect their debt to be paid regardless of the circumstances. Legal action will begin if they feel they are missing out and if » Read More
Submitting a CRA Tax Objection
It can be stressful when you hear that you will be reassessed in connection to your taxes. It is possible to object to this but as with everything to do with the CRA you have to know what you are doing and putting in a successful CRA tax objection is not going to be easy. » Read More
Who Is Prone To CRA Audits And How Can They Avoid Them?
People who file their returns on time while ensuring that they have disclosed everything will hardly face a CRA audit. However, entrepreneurs in Canada are highly likely to be audited for failure to report all the sources of their income. The odds of being audited abruptly are also higher if you have had confrontations with » Read More
Discover 5 CRA Audit Triggers and Get Tax Audit Help
If you have already endured a CRA tax audit, you know that it is an expensive process. Not only will it make your small business incur huge expenditures but also waste a lot of its time. Tax audit help can be found via some Canadian companies that are familiar with the practice of CRA auditors. » Read More
What VDP Canada Requires From Canadians
Do you know anything about the VDP Canada? The VDP or Voluntary Disclosures Program is managed by the Canada Revenue Agency. The program emphasizes compliance with the taxation laws followed in Canada. It is meant for businesses, individuals, employers, residents, non-residents and trusts. Through its VDP Canada program, the CRA motivates all the above mentioned » Read More
Don’t Struggle Alone – Tax Problems Canada Based Can be Solved
When it comes to tax problems Canada can be a minefield and the problems can fall into a number of categories. While they may seem insurmountable at the time, with the right help there are very few things that cannot be solved. You may not want to get other people involved, and while you may » Read More
Conditions for CRA Taxpayer Relief Canada Program
You will come across a great deal of information around CRA Taxpayer Relief Canada program which was known in earlier days as the Fairness Program. Along with this vast array of information, there is plenty of misinformation concerning the program. It is, therefore, advisable to hire the services of professional tax consultants who are fluent » Read More
Canadian Tax Audit Help to stay clear of Triggers
It is better to be proactive and take professional Canadian tax audit help so that you stay clear off the prying eyes of the CRA. A tax accountant will be aware that there are various types of audits. First, it is an assessment of the books and accounts by the CRA to make sure that » Read More
Ways of avoiding a CRA Tax Audit
A CRA tax audit happens when Canada Revenue Agency (or the CRA) sends you a Notice of Assessment for the purpose of examining your books of accounts. This assessment is all about determining whether you have included all details and paid the correct taxes due to the government. A CRA tax audit is not the same thing » Read More
Rethinking Needed on Tax Filing Late Strategies
Filing taxes on time is a good habit that not everyone likes to keep. Some are not so concerned with filing their taxes on time for the reason that they have already been behind with tax filing late for the previous years. People in this category have to rethink their strategy on tax filing. Tax filing late » Read More
Prepare for a Canadian Tax Objection Notice
The taxpayers have to realise that they have the onus of the burden on them to prove that the CRA is incorrect with its denial of their tax returns. The entire dialogue can be initiated towards Canadian tax objection by compiling the necessary documentary evidence and preparing all the legal arguments with the help of » Read More
The CRA (Canada Revenue Agency) Tax Objection
The Canada Revenue Agency does not automatically treat you fairly. There are times when you cannot help but file a CRA (Canada Revenue Agency) tax objection. It is your right to speak up when there is an obvious injustice. If you keep quiet the CRA will demand so much money from you. And it will not » Read More
Getting the Best Tax Audit Help
Getting the Best Tax Audit Help No one is going to be happy when they hear that they are subject to tax audits, but knowing that there are people available to offer tax audit help will provide some comfort. It is easy to make mistakes and this can lead to issues with the CRA so » Read More
Canadian Tax Audit Help
When you receive a Notice of Assessment from the CRA, you need tax audit help. When you send in your tax returns to the CRA, its computer servers will perform several checks on your file and if there is any suspicion or doubts on inaccuracy or misrepresentation, a Notice of Assessment will be issued to » Read More
Can CRA Garnishments Be Avoided?
When there is money owed to the CRA it is likely that CRA garnishments will be used to recover the debt. There are a number of steps that will be taken and at times, you will not be informed of what is going to happen. If there is not a response that the CRA are » Read More
Tax Help to Prevent a CRA Audit
Quite often you will be subject to a CRA audit because they feel there is a problem with the tax return you have filed. It does not mean there is a lot of trouble to come, but it will not always be easy and it will be hard to determine what has triggered the audit. » Read More
How to Deal with A CRA Frozen Bank Account
When you are not paying your taxes on time and ignoring the notice letters from the CRA, you may find that your assets are seized for non-payment of overdue taxes. The first asset that will be affected is your bank account. The simplest reason for a CRA frozen bank account is to grab your attention. The CRA frozen » Read More
VDP Canada Program
Voluntary disclosure program in Canada (or in short or VDP Canada) is administered by the CRA. It allows taxpayers to revise or amend their previous tax filing returns while revealing fresh information to the CRA that was not provided earlier in their tax returns. The purpose of VDP Canada is to make the taxpayers come clean » Read More
Dispute The Tax Problems Canada
For many individual taxpayers and small business enterprise owners in Canada, it is prudent to be prepared to deal with the CRA concerning tax disputes. Tax problems Canada are not easily manageable. You have to depend on professional tax help. Knowing a little basics of the process of tax disputes in Canada will help you » Read More
Unreported Foreign Income in Canada
The Government of Canada announced through the federal budget last year about its intention to take steps in addressing non-compliance in taxes which involve foreign property investment and foreign income. One of the major steps was the introduction of the revised Form T1135. This is for all practical purposes a foreign income statement of verification. » Read More
The CRA Late Filing Penalty And Other Types of Penalties
The Canada Revenue Agency will not sympathize with you in every circumstance. If you have not filed your taxes returns for current year or previous years, for instance, the CRA demands to know why you have not. If your reasons are acceptable, the CRA might waive your penalty or interest amounts. It is not known » Read More
Voluntary Disclosure CRA Program – Who is Qualified?
Paying taxes is mandatory in Canada. The Canada Revenue Agency expects that you will file your tax return on time. In addition, the CRA wants you to prepare your tax return professionally to avoid omissions or false statements. If you have undeclared income, or previously submitted tax returns that had errors, the CRA gives you » Read More
Income Tax Return Canada – The Filling Process and Tips
Do you work in Canada? The Canada Revenue Agency who is the administrator of income tax return Canada is interested in your taxable income. This is usually an amount that starts at fifteen percent of your gross pay. If you make more than four thousand dollars per year, your tax rate will be higher than » Read More