Tax 911 Blog

Canada Revenue Agency’s Tactics on Canadian Tax Evasion

To deal with Canadian tax evasion problems, although Canada Revenue Agency works hard and smart to collect taxes, there are still some individuals and businesses that evade taxes that cause Canadian tax evasion problems. The no-nonsense CRA tax collectors might catch up with you and you will hate their legal actions against you. Tax evasion » Read More

What CRA Tax Appeal Is All About

The CRA will do the best they can to get the tax assessment they present right, but there will be occasions when this is not the case and the bill you receive is much higher than it should be. As soon as you become aware that this has happened you should contact the CRA and » Read More

How to declare your unreported foreign property to the CRA

Are you a wealthy Canadian with bulks of cash stashed in foreign banks?  Since the Canada Revenue Agency circulated its Liechtenstein lists with the names of local people who owned unreported foreign property and income, in 2007, many people got scared and came forward. The number of voluntary disclosures has gone up dramatically ever since. » Read More

The problems with unreported foreign income for Canadians

Owning foreign property is not a bad thing here in Canada. The problem will only arise if there is a property that the Canada Revenue Agency does not know about and there is problem of unreported foreign income. There is an automatic penalty on a taxpayer that fails to file returns of their overseas property » Read More

Canadian corporation tax filing – Residence And Non-residence Corporations

Research shows that Canada boasts the highest rate of tax collection compliance internationally. The Canada Revenue Agency’s collection efforts and tasks have also lead to the immense growth of public finance in the country. The CRA is seriously after your corporation tax filing accuracy and completeness. A big portion of CRA tax staff is assigned » Read More

In The Face of A CRA Income Garnishment

The Canada Revenue Agency can utilize many tools to recover the taxes you have not paid.  The problem with the CRA tools is that they can easily leave you financially and legally destroyed. Until you have either paid your tax debt in full or your tax consultant has shown that the case is causing you » Read More

Let a Competent Toronto Tax Help Consultant Solve Your CRA Tax Audit or Dispute Problems

The most important time to look for Toronto tax help is when you have a tax dispute with the Canada Revenue Authority. It is nearly impossible to get yourself out of a tax dispute with the CRA. You need a knowledgeable tax consultant to take you through this difficult and stressful procedure. If you are » Read More

Undeclared income Must Be Reported In Canada

Unreported income is being fought hard by the Canada Revenue Agency (CRA). The CRA wants taxpayers to report all their income sources. It does not matter whether you earn all your money from within Canada, outside of Canada or just online. Anything that should be disclosed as income need to be reported truthfully. Although the » Read More

Income Tax Canada Requirement: File Taxes On Time

Are you an eligible taxpayer in Canada? The Canada Revenue Agency, the chief administrator of the income tax system, wants you to pay your taxes on time. It does not matter whether you are needed to pay personal income taxes or corporate income taxes. The CRA has an internet-based procedure for filing your tax returns.  » Read More

Canada income taxes previous years – There are Penalties and Interest Fees

It is possible to file your Canada income taxes previous years returns easily and safely. The CRA expects you to come out voluntarily and use the preset mechanisms for reporting undisclosed earnings. There is no danger of being prosecuted or jailed as long as you volunteer information you have been hiding. Without utilizing the mechanism » Read More

The CRA Notice Of Objection – How To Go About It?

Canadians have a right to file a notice of objection if they think that the CRA has misinterpreted the law or facts. They can rightfully object to things like Canada child tax benefits, GST/HST credit, income tax evaluations or re-evaluations and disability tax credit among other things.  A notice of objection marks the beginning in » Read More

Why You Need CRA Business Tax Audit Help?

Have you ever undergone a CRA business tax audit?  If so you can agree that an audit process is among the most devastating moments of running a business. The CRA business tax audit help is always available though. Hence you should never choose to go through the audit process with the tax auditor by yourself. » Read More

Unfiled Taxes Canada – A Comprehensive Guide For Late Tax Payers

There are Canadians who have not filed their taxes in years. Are you among them? The longer you wait to report the higher your tax arrears will become. This will increase your odds of being severely punished by the CRA. Unfiled taxes Canada consultants can file your late returns and get you out of trouble » Read More

Tax Arrears Owed To The CRA Can Be Solved

Do you have tax arrears? If so, you will pay tax penalties and/or interest charges to the CRA. The only way to avoid penalties is to get into a habit of filing your income taxes on time. Like many people, you have most likely accumulated tax arrears because of unavoidable circumstances that were beyond your » Read More

Taxpayer Relief Help From A Reputable Canadian Tax Firm Is Crucial

All taxpayers in Canada are expected to pay their taxes on time. Failure to file a tax return is a crime according to the tax laws of Canada. The Canada Revenue Agency has a right to take you to court or to impose penalties or interests on you. If you cannot manage to pay your » Read More

Apply For The Taxpayer Relief Canada Program Via A Tax Professional

Do you know about the Taxpayer relief Canada program? Some of you have unpaid tax returns and are facing harsh enforcement actions from the CRA. There is not much you can do to the CRA when it decides to collect money from you. It will follow you everywhere and punish you for evading tax. But » Read More

Why You Need CRA Tax Audit Help?

The Canadian tax collector, Canada Revenue Agency, is known to conduct tax audits on filed tax returns. The CRA records tax returns in a computer system that allows it to determine the accounts that must be audited. Hence you can be audited anytime even if you have paid your taxes for the current and previous » Read More

Tax Filing Late Interest and Penalty Charges You Should Expect From CRA

Tax filing late penalties and interest rates are common with the Canada Revenue Agency. The CRA does not want to be owned even a penny and it has big fines to discourage tax evasion. For every amount you have not paid there will be a penalty and an interest charge. Needless to mention, you should » Read More

CRA tax audit Process: What to Do If You Are Pick for It

Many people fear the CRA tax audit. It happens when the Canada Revenue Agency, CRA, evaluates your business books to determine whether you have paid your tax returns entirely. Being audited is not similar to being reviewed.  But if you fail to respond to a review or if the CRA is dissatisfied with your response » Read More

Methods Of Collecting Taxes: CRA Income Garnishments

The Canada Revenue Agency has many ways to deal with tax payers who evade taxes. The CRA income garnishments represent just one of the scariest methods the organization uses to collect pending taxes. The Canadian Income Tax Act gives the CRA the mandate to demand a garnishment of wages from your employer. If you owe » Read More

CRA Bank Freeze Is A Ruthless Tax Collection Method

The Canada Revenue Agency goes after everyone who evades taxes. It won’t let you go on with your life while not filing your tax returns. Some people think that they can get away with evading taxes but they pay the heftiest price when they face the harshest tax collection methods. The CRA bank freeze is » Read More

What You Need To Do When Facing the CRA Tax Appeal

If you believe that the CRA have made a mistake when calculating the amount of tax you have to pay, then you need to dispute this. If the thought of doing this fills you with dread firstly you will not be the first person to feel that way, and secondly you don’t have to go » Read More

Going About a CRA Tax Objection

If you have been contacted and told that you are going to be reassessed on the tax returns you have filed, you still have the right to defend your claims if you are not in agreement to what CRA is reassessing. If you do this it will not be a short process, as it can » Read More

Qualifying for Taxpayer Relief Canada

There is a misconceived notion about the taxpayer relief Canada program that it is offered by CRA as a one-time event for a particular taxpayer. It is not so. The taxpayer relief Canada program is available to all residents in Canada who have been charged penalties and interest. These residents have a legal right to » Read More