CRA Tax Audit Problem

There is nothing more unsettling and unpleasant than CRA tax audit problems that can engage a myriad of consequences. For example, you have just received a notice that Canada Revenue Agency (CRA) Auditor is going to audit your tax return. 

 

CRA tax audit problem and consequences

When you face CRA tax audit problems, this is when you either decide that you do have a clear trail and the audit actually will vindicate your tax return, or you realize there is trouble ahead because your tax records are either skimpy or questionably supportive. The latter, of course, could result in subsequently receiving a Proposal Letter from CRA auditor with its findings for reassessment and taxes due.

During CRA tax audit, the auditor allows you to respond to a Proposal Letter with documentation further supporting the initial tax return within 30 days. Will you be able to provide that further documentation? Your CRA tax audit problem will be compounded if you decide, nevertheless, to defend the integrity of your initial return. You will be faced with filing systematic disputes and appeals each with varying rules, guidelines and responsive deadlines.

 

The potential costs of a CRA tax audit problem

Your CRA tax audit problems might drag on for months or longer. The end result could be a losing battle with additional taxes owing. It could also waste your valuable time. Now you will be responsible for a reassessed tax with possible penalties and compounded interest snowballed daily. This unexpected turn of events also might burden you with the stress of a lump sum tax payment for which you have to negotiate installment payments. Perhaps, the whole matter will no longer be viewed as unsettling and unpleasant but absolutely nightmarish.

Professional help on your CRA tax audit problem

Do not waste time worrying about an audit notice after the filing of your tax return. Seek professional help to save your time, cut the stress and the tax bill. At Tax 911Now, we have the knowledge and expertise to review your tax returns, identify the rationale for a CRA audit and devise the most effective method of handling your CRA tax audits. In any event, proven experience overshadows the false confidence of self help books and DIY (do it yourself) method trying to figure out things on the internet. Our team at Tax 911 Now will be able to guide you through all issues with their knowledge, experience and professionalism in handling CRA audits and resulting disputes and appeals.

 

Contact Tax 911 Now for your CRA tax audit problem!

You can contact Tax 911 Now to schedule a free consultation. Our tax consultant will give you a free Tax Analysis. Tax 911 Now is located at 129 Telson Road, Suite #100, Markham, Ontario, L3R 1E4. If you prefer, simply call 1-877-918-2991 to talk with a tax consultant to help you begin clearing up your tax problems quickly, completely and affordably. Tax 911 Now services Toronto, York Region, Durham and more regions across Canada. Also visit the Tax 911 Now website at https://www.tax911now.ca.

CRA Tax Problems?

Do you have tax problems with Canada Revenue Agency (CRA)? The tax problems may include unfiled taxes, large tax penalties and interests or audits by CRA? If you live near Toronto, York Region or Durham Region, our dedicated professionals at Tax 911 Now are available to help you. 

 

CRA Tax Problems Accumulated over Years

It can be hard to unravel big CRA tax problems on your own. That is why it is always best to have an expert help you when you face CRA tax problems that you have accumulated over years. We will take immediate action on your case, however the solution won’t happen overnight, especially since part of resolving the problem may involve making a deal with CRA. You don’t have to be concerned about the complicated process, however. The tax experts at Tax 911 Now will follow through until your tax problems are resolved.

 

We Don’t Judge

We understand that things happen in life for everyone. Sometimes, you don’t even think about things like unfiled taxes until CRA sends you a notice or letter. Whatever the reason for your CRA tax problems, we won’t judge you. We will listen to your concerns with compassion and will focus on a resolution to your problems and rather than the reasons why you have unfiled taxes.

 

Dealing with CRA Tax Problems

Even though our experts will do everything we can to assist you with CRA tax problems such as unfiled taxes, tax audit, tax collection, etc. sometimes you may have to interact with CRA. Here are a few tips to help you:

 

  1. Write down everything – when you called, who you spoke to, what questions you asked, what their response was. 
  2. Be respectful – even if you received an unpleasant notice from CRA, remain calm and polite while speaking with them. That way, you will be better able to focus on the questions you need to ask. 
  3. Don’t Wait – if you get a letter or phone call from CRA, take care of it right then. If you are working with one of our tax experts, let them know about the letter or phone call right away as well. 
  4. Ask for information in writing – if the CRA needs more information from you, you have the right to get the request in writing. This will allow you time to get your paperwork together and also allow time for our representative to review the request. 
  5. CRA isn’t always right – everyone makes mistakes, even CRA. If you have done everything you can and still believe that you are in the right, remember that the law gives you the right to take them to Tax Court. (This is not as expensive or complicated as you might think). 

 

Call us at Tax 911 Now Today

If you have serious CRA tax problems, such as unfiled taxes, tax audit, large tax debts, etc. and live near Toronto, York or Durham or other regions in Canada, the tax professionals at Tax 911 Now want to help you. You can stop by our office located at 129 Telson Road, Suite #100, Markham, Ontario, L3R 1E4. You can also call us at 1-877-918-2991. We are waiting to help you to fight with your tax problems. Contact us today.

Tax 911 Now and Tax Amnesty

Falling behind on your taxes is never desirable. However, sometimes there isn’t much you can do about it. Whether you forget to file or you just don’t have the money to pay the taxes, eventually you might lag behind and, without notice, the government can come knocking on your door. Nobody wants to deal with the government and taxes, but if you are behind, that is exactly what is going to happen. Before the government comes calling for the taxes, it is time to give us a call. At Tax 911 Now, we are able to work with you and the government in order to negotiate through tax amnesty program that can control the damage from tax trouble. A tax amnesty is something that is going to drastically help you reduce the amount of money you have to pay. 

 

What is Tax Amnesty?

When it comes to under-reported taxes or falling behind, there is generally a limited window of opportunity for taxpayers to be able to apply for the tax amnesty program to avoid prosecution, get penalties waived and even have interests reduced. With the help of a professional tax team like we have at Tax 911 Now, the government brings down the amount taxpayers may owe. There are different circumstances that bring about the tax amnesty, with our help, you can find out if you qualify and if it is something that is suitable for you to go through.

 

What are the Benefits?

There are several benefits of tax amnesty. For starters, you do not have to pay the penalties amount that you normally would. On top of this, you do not have to worry about criminal prosecution, the interests may not be as big when paying the amount back. This way, you only have to pay the set amount back determined by the tax amnesty and no more. This is, of course, as long as you are honest with your tax information. If you make false or incomplete claim, CRA may come back later to audit, you might run into more serious tax issues.

Contact Tax 911 Now before CRA contacts you. Keep in mind, to qualify for the tax amnesty, you need to voluntarily disclose your tax issues. If CRA sends a letter or makes a call to you, then it is too late. You will have no choice but to face heavy penalties, or worse, prosecution. Call us at 1-877-918-2991 Today before it is too late!

 

Tax Preparation Service

If you are like millions of other individuals throughout Canada, you might not be happy with the numbers for your final tax bill or tax returns. Perhaps you thought you should receive more than what your calculations are showing, or maybe you have to pay an amount that just doesn’t seem right. While you probably have done everything you can with the tax preparation, it might just be time to call tax professionals for help. At Tax 911 Now, we are going to make sure you receive professional assistance from our experienced team. We spend all these years focusing on tax rules and regulations, so we know how to better leverage the knowledge to bring you the best tax benefits. With this help, your probability of improving your tax return and reducing your tax bills increases significantly.

 

Tax Preparation Service Assistance

Our professional tax accountant team at Tax 911 Now knows where to look to spot those areas that you might have missed when help clients with the tax preparation. While you may have filled out everything correctly, there are some deductions, write offs and other areas in the ever changing Income Tax Act that are incredibly easy to miss. If you miss the information, chances are the government is not going to correct it. When this happens, it is just like you are throwing away money simply because you didn’t know how to fill in some specific information. On top of all these, with your current work, family life and social life commitment, you just don’t have the necessary time to read up on the latest changes to the tax law and make the needed update or changes on your tax returns. So, instead of spending lots of time getting disappointing results, seek helps from experienced tax professionals for your tax preparation and you will be happy that you did it.

 

Late Tax Preparation Services Toronto

Of course, with so much going on in your life, it is incredibly easy to completely miss out on completing your taxes on time. Should this happen you need to know what to do and how to correct the situation. While filing the return and sending it in is part of the first step, our seasoned tax professionals know how to reduce penalties that might be associated with the late tax filing. Sometimes different events in life take place and there isn’t anything you can do about it. With our tax preparation assistance, you can breathe a bit easier.

 

Use the Best Tax Preparation Services

For the professional tax preparation assistance, feel free to contact and visit Tax 911 Now at our offices at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4 or call us by phone at: 1-877-918-2991 for a free consultation.

Tax Preparation for Individuals and Businesses

Canadian tax rules and guidelines seem to change each year. It seems that tax system is forever complicated. Tax doesn’t have to be a hassle, in fact, with the right tax preparation team, tax season can be downright rewarding. If you live in Toronto or other cities in Canada and are concerned about your tax preparation, here are some tax preparation tips to help make filing your taxes easier. 

 

Toronto Tax Preparation for Individuals

According to the Canada Revenue Agency, some things that could help your tax preparation run a bit smoother are: set up direct deposit, save dependent care receipts, save charitable donation receipts, save retirement savings documents, save student tuition receipts, save first time home buyers documents, and more.

  • Direct Deposit
    Setting up direct deposit helps you be ready when you file your taxes. In some cases, it can even provide a quicker return. File on time to prevent late penalties and delays. 
  • Dependents
    The activities you sign your kids up for may provide additional tax savings, as well as, caring for dependents with physical or mental impairments, so be sure to save your receipts. 
  • Students
    You may be eligible to claim tuition, textbook, education amounts, and student loan interest, so be sure to save your school tuition statement. 
  • Charitable Donations
    Cash, goods, and land donations etc., made to a registered charity may be eligible for tax credits, so be sure to save all donation receipts. 
  • Retirement Savings Plans
    Contributions to your RRSP are tax deductible, so be sure to save all RRSP tax forms. 
  • First Time Homebuyers
    Homebuyers may be able to get tax credits for the purchase of their first home, so be sure to save all paperwork. 

 

Toronto Tax Preparation for Businesses

According to the CRA, business records, whether paper or electronic, must be reliable and complete, contain correct information you need for fulfilling your tax obligations and entitlements, and be sustained by supporting documents such as appointment books, log books, income tax, sales tax, GST/HST returns, tax/harmonized sales tax, scientific research and experimental vouchers and records, and certain accountants working papers. So, be sure to keep accurate accounts of these documents for tax preparation.

 

Tax Accountant Toronto

We are Tax 911 Now, we’re located in Greater Toronto Area, and we have a professional team of tax consultants. Our dedicated team of experienced tax professionals cover a wide range of individual and business tax services including tax return Toronto, late tax filing Toronto, CRA audit Toronto, Tax audit help Toronto, VDP Toronto, tax evasion Toronto, tax amnesty Toronto, tax lawyer, Toronto tax problems, Toronto cra tax appeal Toronto, tax objection Toronto, tax payment plan, Toronto CRA collection Toronto, CRA garnishments Toronto, CRA bank freeze Toronto, tax relief Toronto, taxpayer relief Toronto, and tax consultant Toronto, and more. At Tax 911 Now, we understand all about Toronto’s tax issues, rules, and regulations and are prepared to help you avoid the costly tax preparation mistakes that may trigger an audit. Tax 911 Now services the Toronto, York Region, Durham Region and other regions of Canada. Call us for tax help today for free consultation.

Tax 911 Now
129 Telson Road Suite #100
Markham, Ontario
L3R 1E4
1-877-918-2991

Six Essential Tax Preparation Tips

If your tax situation has gotten little more complicated this year, you’ll want to read this. At Tax 911 Now we have some tips to give you so that you can get your tax preparation completed as soon as possible. The sooner you file your taxes, the less money you’ll have to pay in penalties and interest. We tax professionals at Tax 911 Now will help you to get your taxes prepared quickly and accurately, and you will not have to worry anymore. Here are six steps to take to get ready for tax preparation with a tax professional:

  1. Know your social insurance number and gather the numbers for those who will be on your return.
  2. Gather information including tax information slips, and other information sent by employers, banks, and businesses.
  3. Be sure to have your information about other income including self-employment income and rental income etc.
  4. Have your personal income tax information on hand such as your RRSP contribution limit.
  5. Have your receipts for deductions ready. Your Tax 911 Now tax professional can help you know what expenses are deductible.
  6. When you are ready with your information, Call Tax 911 Now to make an appointment.

 

Late Tax Preparation

Even if you are late filing your taxes, Our Team at Tax 911 Now can help you take care of your problem.

You will still need the information listed above when you come for a visit with us in the Toronto area or other region in Ontario. The sooner you file your return, the better off you will be financially.

 

Tax Preparation to optimize your refund

You may think that you can prepare your own taxes, but if your situation is more complex than average, you will wish that you had called a professional sooner. If you want to optimize your tax and you live in the Toronto area or other nearby region of Ontario, we professionals at Tax 911 Now are available to help solve your problems.

The fees you will pay for professional services will be compensated for by the additional tax savings that you will get from our services. We give very professional, expert services enabling you to receive the optimum tax results. You will definitely want call Tax 911 Now for your tax preparation needs again next year. Many of our clients come back to us year after year for our superior services.

If you are thinking about tax preparation services, call a Tax 911 Now tax professional today at 1-877-918-2991 and come visit us at the office.  Why struggle and worry any more about your tax preparation? You have better things to do, and we can help you.

The address of our office is:

Tax 911 Now
129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4

Things To Look Out For When Choosing A Tax Preparer

Tax is one of the constants in life. Although many folks out there don’t enjoy paying tax, they equally can’t run away from it. Every member of all classes of the population have an obligation to pay tax to the government in order to keep the government running smoothly and seamlessly. So, the government is pretty serious with tax collection and imposes hefty punishments, in some cases jail time, on tax defaulters. Therefore, to avoid these hefty punishments placed on tax defaulters and fulfill their obligations as good citizens, people have no option than to file their tax returns on a yearly basis.

 

Available options when filing

When it comes to filing tax returns, tax preparation is an important part of the process. An individual can choose any of the different options available to prepare his tax return. He can use the services of a licensed professional, online tax preparation software, or even prepare the tax returns himself if he can.

 

Getting help to file your tax returns

However, most people prefer to use the services of a licensed professional tax preparer to file their tax returns. Using the services of a professional tax preparer to file tax returns helps to take the stress away from the whole process. For a small fee, a tax preparer will do an excellent job of filing your tax return. An important thing to take note of is that you will be held accountable for the tax returns filed on your behalf by the professional tax preparer. Thus, it is very important to choose a reputable tax preparation firm to take care of your tax returns to avoid getting into trouble with the Canada Revenue Agency.

 

Tips On How To Choose A Reputable Tax Preparer

Since taxpayers are legally responsible for the content of their tax returns whether the return was prepared by them or not, they should exercise care when contracting the services of a profession to prepare the tax returns for them. Below are some useful tips to guide you in your search for a reputable professional tax preparer:

Check the Qualifications of the Professional Tax Preparer: Many people in the tax preparation business are usually attorneys and accountants, and they belong to a professional body that not only provides its members with continuing education but also holds them to a code of ethics. Try to verify the qualifications of professional tax preparers from the professional body they belong to before entrusting the filing of your tax returns to them.

 

Pay Attention To The Reputation

Check the Preparer’s Reputation: Nobody will be comfortable entrusting a sensitive issue like the filing of his tax returns to professionals with a lot of black spots on their reputation. Therefore, it is of utmost importance to check the reputation of the tax preparer you are delegating the preparation of your tax documents to. You can verify the reputation of a tax preparer by checking for disciplinary issues and license status at the professional body the tax preparer belong to or the Canada Revenue Agency (CRA).

Request for Receipts and Records: A reputable tax preparer usually requests for receipts and other records in order to accurately file your tax returns. So, keep an eye for the documents requested by your tax preparer.

 

Blank Tax Form? 

A reputable tax preparer will never ask you to sign a blank tax form. Keep this in mind when you are in the market for a tax preparer to file your tax return.

 

Contact Tax 911 Now

Tax 911 Now is a highly reputable tax preparation firm located in Toronto, Canada. We help to relieve the burden of tax preparation from our clients. By contracting our services today, you too can begin to enjoy a stress-free filing of your tax returns.

Help for Unfiled Tax in Canada

Everyone has difficulties with finances at one time or another. Sometimes these difficulties are a direct result of a misunderstanding related to taxes. If you are living in the Toronto area and you are experiencing issues with Revenue Canada over unfiled taxes you should seek professional tax help as soon as possible to prevent the late filing penalties from getting worse.

 

Dealing With Unfiled Tax Issues

Problems with unfiled taxes are nothing to be taken lightly. Regardless of the reason for your tax problems it is vitally important that you are as forthwith as possible in your dealings with Revenue Canada and that you deal with the issues associated with unfiled taxes as quickly as possible. We service a large geographic area at Tax 911 Now, including Toronto, York Region, Durham Region and other areas cross Canada. Our professional and dedicated staff here at Tax 911 Now are available to help you work through any issues concerning unfiled taxes that you may have and help you resolve any problems that might exist.

 

Let Our Tax 911 Now Team Help You with Unfiled Tax

Problems with taxes are a frightening situation in virtually any circumstance and many individuals find themselves facing these issues through no real fault of their own. If you have any unfiled taxes it is best to address the situation as quickly as possible so that you can arrive at a solution that works well for everyone involved. Simply ignoring the problem will only make it worse. The problem will not go away on its own and it is extremely unwise to try to deal with the problem yourself without the help of our professional staff who know how to navigate through the different laws and regulations that are associated with these types of tax problems. It is vitally important that you protect yourself and ensure your own financial well being by seeking out the help of our qualified tax professionals any time that you experience questions or issues with your taxes.

 

Take Immediate Actions to Control Tax Damage

If you are in Toronto or any of the surrounding areas and you have experienced problems with unfiled taxes, you need to take immediate actions and do not hesitate to visit https://www.tax911now.ca for more information or you can call our professional and dedicated staff to find out more information about any questions you may have at 1-877-918-2991.

If you are experiencing tax problems such as unfiled taxes or any other tax issues you must act as quickly as possible in order to protect your own well being and that of your loved ones. Come for a visit to Tax 911 Now at 129 Telson Road, Suite #100, Markham, Ontario L3R 1E4. Do not hesitate to contact us right away for your free consultation so you can start to get your tax issues under control and get your life back on track.

CRA Tax Audit Proof Financial Reporting in Canada

The Canada Revenue Agency requires that all businesses retain at least six years of financial reporting by law. Companies seeking CRA tax audit solutions should look for tools for leaving the best audit trail so that accounting is transparent. 

By documenting the sequence of events behind every business transaction, a company will be in compliance rules to audit reporting. The CRA requires that businesses leave an audit trail. CRA tax audit solutions include record of receipts and inventory as evidence of expenditures.

E-commerce has added new CRA tax audit solutions to reporting. Electronic email and web log records confirm transactions. Audio recordings of phone-based transaction are valid CRA tax audit solutions used for audit record. The CRA requires e-commerce businesses to retain information about all transactions conducted via internet or telephone. Electronic record is a CRA tax audit solutions to supply details about sales transactions.

Formal records management CRA tax audit solutions such as electronic storage provide record of financial transaction. Paper records generated in digital format are also CRA tax audit solutions. The CRA allows for scanning of receipts and bill of sale in for official review. Records originally provided in electronic format must be retained in this mode, and may be supplemented by print out.

Companies subscribing to third party merchant services payment gateways may obtain data on e-commerce transactions from their provider. Some companies offer separate online billing software applications and record. Accuracy of record is part of the obligation of firms, and should be subject to review by an accountant or financial controller in the interest of the taxpayer.

 

Follow the rules for CRA reporting

Canadian companies using storage of financial records in a data storage location external to Canada or Canadian registration are responsible for compliance of information to CRA rules. Computer or servers outside of Canada are generally not in compliance with CRA requirements. Registration of file storage should be reviewed prior to reporting of financials. Companies may seek permission to house financial records outside of Canada from the CRA with request for feedback about the rules and regulations guiding this relationship.

Internal record of taxpayer contributions to the Canada Pension Plan, employment Insurance, and related income tax payments should retain record about worker performance and compensation. This includes any financial record in support of payment obligation abided by the taxpayer.

Companies using an outside source of tax solution for audit accounting should pay special attention to the management of payroll tasks. Employers are legally responsible for ensuring accuracy of this record in respect to employee taxpayer record. The CRA requires six years retention of those records. Quebec businesses must retain additional information in the interest of employer and employee obligation to tax.

Taxpayer control of data by way of third party merchant services provision often includes the latest software application as system tax solutions. Databases used for financial control of operations accounting in Canadian businesses should be reviewed in correspondence with CRA’s requirement to audit proof reporting. For more information about CRA accepted tax solutions, contact Tax 911 Now at 1-877-918-2991.

 

Facing CRA Tax Problems?

Facing tax problem put a great deal of stress on an individual. One of the biggest mistakes that people make is trying to undergo a CRA tax problem alone. This can prove to be detrimental to one’s financial and emotional well being. Therefore, anyone who is about to experience a CRA tax problem in Toronto and other regions should seek out the necessary help from qualified individuals in order to better understand their tax problems and the options that they have available to them. Having tax problems and dealing with the tax agency can be a scary experience for many individuals. Having the assistance that is provided from Tax 911 Now is invaluable for anyone who is about to experience a CRA’s challenge in Toronto and surrounding areas. 

 

Having Tax Problems?

Virtually everyone has tax problems at one time or another. The problems may be through no real fault of the individual in question or they may be because the individual did not take the time to fully understand what their duties and obligations were concerning their taxes. Working with a tax consultant based in Toronto can help them to better understand what their duties and obligations are. Tax consultant also helps people to better understand what their options are if they are facing a CRA tax problem in Toronto. Getting help from a qualified representative at Tax 911 Now helps people to better understand what they are truly facing and how they can work through it successfully. Services are provided in Toronto, York and Durham Regions plus surrounding areas.

Need Tax Relief for Large Tax Debts Owing?

Tax relief is essential for any individual with large tax debts to protect their financial health. More importantly, taxpayer relief Toronto is something that can be provided by qualified individuals who understand the tax laws and how they apply to each individual’s circumstances. Many people choose to speak with a tax consultant Toronto because they are unsure of how to proceed with their taxes given their circumstances or they are looking for some type of tax relief because they are unable to pay at the current rate.

Revenue Canada Tax Audits

The main thing that you you should know about a CRA audit is that it does not have to be a frightening experience as long as you work closely with qualified tax consultants to help you better understand your situation. It is important that you contact a representative from Tax 911 Now as quickly as possible in order to ensure that you have the greatest amount of time to fully understand your tax situation and possible outcomes. To find out more information you can call 1-877-918-2991. For a more personal meeting you can come for a visit. The office is located at 129 Telson Road, Suite #100, Markham, Ontario, L3R 1E4.

Essential Tax Audit Services by Tax 911 Now

Getting CRA tax audit services will not be difficult if you work with Tax 911 Now. We are dedicated to providing some of the best strategies to deal with the Canada Revenue Agency. If you haven’t ever worked with us before, you will be impressed by the service quality of CRA tax audit services with us.

If you live in the Toronto, York Region, Durham Region, and anywhere near the GTA, you will likely decide to receive help through a tax expert with reasonable fees. Engaging Tax 911 Now can be one of the best ways to get help when you need to deal with the tax problems you are facing. If this is the first time you have faced an audit before, you will no doubt feel a little anxious about what might come out of it. You might have heard stories about how financially damaging an audit can be. But it doesn’t have to be difficult if you work with experienced professionals like Tax 911 Now.

 

Tax audit services vary based on your situation

The services that you receive will largely depend on the type of audit that you may be facing. Take the time to review the terms of your audit to see what you might be facing as you go forward. Some of these audits may be based on one or more mistakes you have made when filing your tax returns in the past. Although some of these mistakes may be overlooked, the audit will assess penalties if these mistakes became a pattern. If you feel like you will be facing an audit, it will be critical to make sure you get the representation that you need sooner than later.

 

The tax audit process can be daunting

Though this process may seem a little daunting, you can get the help that you need through Tax 911 Now’s CRA tax audit services. The professionals at Tax 911 Now will be dedicated to providing you with the guidance that you need. You will likely need to gather together your receipts and your paperwork if you need to answer an audit soon. Work with the representative who will provide effective CRA tax audit services. They will know how you should be packaging these different receipts to make the audit run much more smoothly. If you are missing any paperwork, you might be flagged for further review by the Canada Revenue Agency. You should look to avoid all of these issues by working closely with a tax professional who has handled these CRA tax audit before now.

Finally, you might be curious about the results that you can expect from these CRA tax audits. Anyone living in Toronto, the rest of the GTA, Markham, Calgary, and Vancouver will get the help they need through Tax 911 Now. Call their phone number at 1-877-918-2991 to speak with a representative shortly. If you come for a visit, they can quickly discuss the problems you may be facing through this audit. Depending on your case, they may be able to provide a comprehensive CRA tax audit services to solve these problems quickly.

The Benefits of Getting CRA Tax Appeal Help in Toronto

The Canada Revenue Agency is a federal agency that is set in place to administer the enforcement of income tax laws that are amended in the Tax Act every year by parliament. Since the CRA does not make the law, their interpretation of the act can differ from those of taxpayers and often a taxpayer may feel as if they were told they had to pay too much. Fortunately, for taxpayers, there are steps they can take in order to go about getting a second assessment. You don’t have to let the CRA audit Toronto take you for more money than you know you should be paying.

Should you feel that the CRA audit has not correctly assessed the amount of taxes you should be paying, it’s encouraged that you promptly appeal the assessment and open a case of dispute. You’ll have 90 days to file an objection, if you miss the deadline, you legally lose your right to appeal and you’ll be stuck having to pay the assessed tax. Should you find yourself in need of a CRA appeal experts, who can assist you in determining whether or not you may have a chance of filing a successful objection based on if they believe, in fact, the CRA audit has made an error.

Tax 911 Now is dedicated to helping those located in Toronto and surrounding territories that are in need of professional tax assistance. A tax representative can be beneficial to a client in many ways; they can deal with the CRA for you, know the right questions to ask, assure that your case will be properly presented, and therefore heighten the chance of your appeal being granted. Should you fight with CRA alone, without the guidance of a tax representative, you may not have the full knowledge you need to obtain the results you desire and your appeal can likely be rejected. Let an experienced representative from Tax 911 Now help you with your CRA audit Toronto. They’re likely to know a lot more about the rules and regulations that are in the Income Tax Act than you are. They can use that knowledge in fighting against the CRA audit Toronto better to win your case. And since winning your case and getting a reassessment is what you desire, the decision in getting one should be easy.

 

Need a CRA Appeal expert in Toronto? 

For Toronto CRA tax appeal assistance, you should give Tax 911 Now a call at 1-877-918-2991, or just have a visit where a knowledgeable tax representative is available in person to answer any questions or concerns you may have. These professionals are ready and willing to help you, you just have to take the first step in facing your CRA appeal Toronto. The Tax 911 Now offices are located at 129 Telson Road, Suite #100, Markham, Ontario, L3R 1E4.  Tax 911 Now offers services Toronto, Calgary, Markham, Vancouver and regions across Canada.

CRA Voluntary disclosure program VDP

If you live in the Toronto area, you might be interested in the different tax services that are available to you. There are actually quite a few different programs that are geared towards helping GTA residents get their finances in order. If you have struggled to pay your taxes in the past, read through this helpful guide for some tips.

CRA Voluntary disclosure program (also known as VDP or tax amnesty program)

Many people are confused about tax amnesty program. This is a CRA tax program designed by CRA to encourage people with tax problems such as un-filed taxes, un-reported income, etc. to come out on their own with penalties waived as rewards. The tax amnesty program is also called Voluntary Disclosure Program. You might be curious about just how this CRA tax amnesty program can work for your situation. It will be important to talk to an experienced tax consultant who can help you through this difficult process. All of these issues can be handled by the professionals at Tax 911 Now, who have many years of experience helping people just like you. Remember that these CRA tax amnesty programs can help taxpayers in the Toronto, York Region, Durham Region and more. We can show you how you can have the hefty tax penalites waived if you agree to a few simple terms. Including making voluntary disclosure; the disclosure must be complete; your tax problems must involve penalties; tax must be more than one year over due, etc. We can also help you to protect your identity by filing no-name disclosure.

CRA tax representation

First, you will likely want to know where you stand in the eyes of the Canada Revenue Agency. There are many people who can likely benefit from getting help from CRA tax representation. If you currently have your wages garnished, you probably feel that this is an unnecessary and painful burden on your life. There are also some people who may be facing large penalties due to unpaid taxes. Don’t get caught unaware by some of these issues, because it can cause fees to mount up surprisingly quickly. You should contact Tax 911 Now to see about the different CRA tax programs that they developed to help Canadians with tax issues.

Are you skeptical?

Finally, there are some who may be a little skeptical. It may seem too good to be true that you can have your tax penalties removed through a CRA tax amnesty program. The terms and conditions may vary somewhat for different types of people, but the CRA tax amnesty option is out there. You will want to make sure that you have tax records from past. Once you have this organized, contact Tax 911 Now at 1-877-918-2991. Come for a visit to Tax 911 Now if you live in the Toronto, York Region, Durham Region and more.

What You Should Know About Canadian Tax Amnesty?

CRA tax amnesty, also known as Voluntary Disclosure Program or VDP, is when the Canadian government allows a taxpayer to fix a mistake on a previous return or declare income that they had previously left off of their return. The purpose of CRA tax amnesty is to provide the taxpayer with an opportunity to amend a mistake and create a plan to pay a defined amount without fear of criminal prosecution. It is a win-win situation for both the Canadian government and the taxpayer.

 

Who is Eligible for Tax Amnesty?

There are four main reasons that someone is eligible for CRA tax amnesty. If you have mistakenly declared too many expenses, reduced the amount that you owed by too much, forgot to declare some of your income, or are behind on filing your taxes with the Canadian government then CRA tax amnesty may be right for you. This is a program that helps taxpayers who have made mistakes avoid any potential prosecution for tax evasion or sizeable penalties so it can be beneficial. Visit us in the Toronto, York, or Durham regions or call us if you are elsewhere to determine whether or not you are eligible.

 

How to Apply for CRA Tax Amnesty?

The Voluntary Disclosure Program or VDP administers CRA tax amnesty through an application process. The tax that is being declared must be at least a year old and is subject to penalty. The application must also be voluntary and complete which means that the CRA has not been in touch with you about previous tax issues and the application must amend all potential mistakes. This is one of the reasons that utilizing a professional tax organization is vitally important when considering tax amnesty in Canada. If done incorrectly, it is possible for the government to consider it tax evasion.

 

How Does the Process Work?

The process for CRA tax amnesty is essentially a four step one. First, a letter must be sent to the CRA with all the relevant information including the tax year, necessary disclosures, type of tax references. Next, the initial application will be reviewed by the CRA and accepted. The third step is to submit complete information within 90 days of receiving acknowledgement letter. Finally, the CRA will provide confirmation that the CRA tax amnesty has been accepted.

 

Contact Tax 911 Now!

If you believe that you are a candidate for CRA tax amnesty or have any other questions about taxes then call us at 1-877-918-2991 or stop by for a visit if you live in the Toronto, York, or Durham regions. We look forward to hearing from you soon to help address all your tax questions and effectively ease your concerns. Our dedication to customer service and close attention to detail makes us the ideal one-stop-shop for all tax problems. Visit us at: 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4.

Our tax services are also offered in the following regions:

  • Vancouver
  • Calgary
  • Markham
  • Winnipeg

Tax Relief Help for Taxes Owed to CRA

There are many people who could get a notice from the Canada Revenue Agency (CRA). This is the governmental body that will help decide whether you should pay penalties for back taxes you may owe. Some may find themselves owing quite a bit in penalties and interests. If you have this issue, you may want to think about possibly cutting a deal with the CRA. Sometimes, they are willing to reduce penalties or interests through the CRA taxpayer relief program. This is a beneficial program that may help people like you to recover financially and get back on the path to solvency.

 

First steps to CRA taxpayer relief

First, you will want to simply take stock of the tax penalties that have accrued on your account. Think about the different options and solutions you may have. If you don’t feel like you will be capable of paying these debts off, you will want to consider finding a way to get in to a CRA taxpayer relief program. The experts at Tax 911 Now may be able to help you do just that. Gather up the relevant information about your tax situation and try to call them soon. They are able to help many people including but not limited to Toronto and the York & Durham Region areas.

You may be wondering how they can help you if you are facing a considerably difficult tax situation. There are quite a few people who will not be able to keep pace with the accruing penalties that they face. There are resources available for them if they enter the CRA taxpayer relief programs. CRA will likely expect that you will still pay off a considerable amount of the sum you owe. But they may be willing to waive some penalties and interests. This CRA taxpayer relief program has the potential to make your tax debts payment to be more manageable.

The CRA taxpayer relief program has certain requirement to be eligible. Such as financial hardship or other uncontrollable circumstances such as health or financial disasters, family death, etc. If you have financial hardship, this may be the solution that you are looking for. The professionals at Tax 911 Now will guide you through this delicate process with care.

 

Contact Tax 911 Now, we are a quick phone call away

Finally, some people will want to know how they can get in contact with Tax 911 Now. If you are interested in the CRA taxpayer relief program, you should give us a call. Try to reach Tax 911 Now team at 1-877-918-2991 or come for a visit. Tax 911 Now provide service to people living in the Toronto, York Region, Durham Region and all over Canada.

Getting The Help You Need For CRA Tax Problems

There are quite a few reasons why people may suddenly find themselves faced with tax problems, but people can get help with these problems. It can be quite intimidating to deal with the Canadian Revenue Agency, but there are a few tools at your disposal.

 

Type of tax issues

You will first need to simply take stock of the types of tax problems that you are facing. Though it may feel overwhelming, it can be important to think about the first few steps that you should take. If you haven’t ever handled this process before, consider talking to the experts at Tax 911 Now. We have years of experience helping people through whichever tax issues they might be facing.  Whether you are an individual or a small business owner, you can get the help that you need from Tax 911 Now’s team of expert.

 

Possible Penalties? 

Next, you will need to think about the possible penalties you could be facing if you don’t fix these tax issues now. There are some people who may not have paid their taxes for a number of years. Other people may simply have missed some income that need to be included. Ignoring the problem will not make it go away. This is why it is important to seek out tax help. Some people may face some garnishments of their wages or have to pay back penalties to the CRA. If you have to deal with any of these issues, you will want to seek out professional tax services immediately.

Taxes can be complex!

Some people might underestimate just how complex their tax problems may be. They will need to find all the missing records or supporting documentation that they may have forgotten over the years. If you haven’t gone through this process before, you might not know where to start. Getting these CRA tax helps through Tax 911 Now in Toronto, Markham, Richmond hill or other cities in Canada can be the help that you need.

Finally, you may want to contact Tax 911 Now to talk to us about your CRA tax problems and solutions sooner rather than later. This can be the start of an effective solution to you if you live in Toronto, York Region and/or Durham Region or other parts of the country, Tax 911 Now is a phone call away. If you’d like a free consultation, call us by phone at # 1-877-918-2991.

Revenue Canada Auditing Your Taxes?

So, you’ve done your best this year to keep track of all your income, expenses, and receipts. You filed your taxes by the deadline, or even earlier, and you’ve already received your tax refund and gone out and bought that brand new automobile you’ve been wanting. You’re feeling pretty good about yourself, when all of a sudden, you’re informed that you’re being audited by the Canada Revenue Agency. Before you stop opening your mail or answering the phone, go into hiding, lose sleep, or even your head, here is some information on how The Canada Revenue Agency conducts its audits and information on how tax professionals can help you with your Toronto CRA tax audit solutions. 

How The CRA Selects Its Audits

Computer generated lists are the most common way the CRA selects its audits. All returns are stored electronically in computer systems, which allows the CRA to sort returns according to various groups. The CRA compares selected financial information from the current year and various years of tax payers engaging in similar business or occupations. A computer generated list is compiled, and the CRA selects from the list, who will be audited. But, the CRA can also conduct its audits based on audit projects, leads, and secondary files.

  • Audit Projects – The CRA tests the compliance of a particular group. If the group tests indicate non compliance among the group, this can trigger an audit.
  • Leads – Other audits, investigations, and outside sources can trigger an audit.
  • Secondary Files – Sometimes audits are conducted based on a partnership or association with a previously audited person or business.

How CRA Conducts Its Audits

If your return is selected for an audit, the CRA will review your records either at their office or at your place of business. Records for audit include the information on file at the CRA office, selected returns, financial statements, previous audit reports, business ledgers, journals, bank accounts, sales invoices, purchase vouchers, and expense accounts. To avoid delays, the CRA recommends keeping well-kept records.

Toronto CRA Tax Audit Solutions

If you find that you are facing a tax audit and are looking for CRA tax audit solutions, let Tax 911 Now, a professional and dedicated team of tax professionals, help you. Tax 911 Now, serves the Toronto, York region, Durham region and more. Tax 911 Now has in depth knowledge and experience with CRA tax audit solutions. This team of tax professionals can help you with CRA tax audit solutions such as tax audits, unreported income, overdue tax arrears problems, Canadian tax relief, tax collection problems, wage garnishments, bank levy, GST/HST audits, PST audits, business expense disallowed, voluntary disclosure programs, tax amnesty or tax pardon, demand to file and more. Tax 911 Now is available to help with all your CRA tax audit solutions, so come in for a visit today.

Tax 911 Now is available to help customers in Toronto, Markham, Calgary, and Vancouver and more with all their CRA tax audit solutions.

Need CRA Tax Audit Help in Toronto?

There is nothing to be ashamed of when you find yourself in a difficult tax audit situation. The Canadian Revenue Agency (CRA) will want to make sure that you have paid all of your recent taxes that are due. If you have missed payments or forgotten to file a return, they will likely want to review your records. This can sometimes trigger a tax audit, which may cause some fear in people. If you don’t want to have to go through the extensive auditing process alone and have to pay fines to the CRA. If you live in the Toronto, York Region, Durham Region and more, you will want to find CRA Tax Audit Help to deal with these issues.

 

Tax 911 Now is the better way

Some people might be interested in hearing about the advantages that Tax 911 Now’s CRA Tax Audit Help can bring to them. To understand these advantages, they will need to think about how much they might owe to the CRA if the audit dealing fail. The CRA will find a way to request that these tax payments be made to them. They might be able garnish your wages, for instance. This would mean that a certain amount would be subtracted from your paycheck each month. All of this money would be transferred to the CRA until your tax debts were paid off. You can avoid issues like this if you seek out CRA tax audit solutions. These CRA Tax Audit Help can be well worth the investment for many people who might be looking to find this kind of help. Local Toronto residents may be facing some considerable tax issues these days. If you want to find a solution to some of these problems, consult with the experts at Tax 911 Now.

 

CRA Tax Audit Help by Tax Experts

Other people may be curious about how these CRA Tax Audit Help can work for them. The first step will simply be to contact a representative from Tax 911 Now. If you do this, they will link you up with an experienced consultant. Give this consultant some basic information about your tax issue, so you can get direction on what steps you should take. The CRA Tax Audit Help will be tailored for the individual who needs them. Tax 911 Now has years of experience doing this, we understand what you need in your CRA Tax Audit Help. There are many people who simply become overwhelmed by tax audits, but you don’t have to let that happen to you.

 

Let Tax 911 Now try to reduce your tax penalties

Finally, don’t forget that you can reduce the risks of future audit by dealing with these CRA tax audit properly and successfully now. Tax 911 Now has the expertise to guide you through the complicated audit process. You will be so relieved once the audit is over with satisfactory results. We will provide you with the optimized CRA Tax Audit Help once you become engaged with Tax 911 Now. This could be the best solution for many people living in the Toronto, York Region, Durham Region and more. You can call 1-877-918-2991 to get started for a free consultation.

Tax Audit Help with Tax 911 Now

Getting CRA tax audit solutions will not be difficult if you work with Tax 911 Now. We are dedicated to providing some of the best strategies to deal with the Canadian Revenue Agency on audits and other tax issues you may encounter. If you haven’t worked with us before, you may be impressed by the service you get when you use our CRA tax audit services.

 

Get tax audit help does not have to be all that stressful

Tax audit does not have to be overwhelming. Engaging with tax experts who are dealing with tax auditors all the times can be one of the best ways to get the help you need.  If this is the first time you have faced an audit before, you will no doubt feel a little anxious about what might come out of it. You might have heard stories about how financially damaging an audit can be. But it doesn’t have to be difficult if you receive the right help. If you live in the Toronto, York Region, Durham Region and more areas, you can just call us to book a free consultation.

 

What audit are you facing with Revenue Canada? 

The services that you receive will largely depend on the type of audit that you may be facing. Take the time to review the terms of your audit to see what you might be facing as you go forward. Some of these audits may be based on one or more mistakes you have made when filing your past Revenue Canada returns. Although some of these mistakes may be overlooked, the audit will assess penalties if they believe those mistakes became a pattern. If you feel like you will be facing an audit, it will be critical to make sure you get the representation that you need soon.

 

Tax audit can be daunting

Though the tax audit process may seem a little daunting, you can get the help that you need through Tax 911 Now’s CRA tax audit service. The professionals at Tax 911 Now will be dedicated to providing you with the guidance you need. You will likely need to gather together your receipts and your paperwork if you need to answer an auditor soon.

Work with the experienced tax representative who can help you with handling your CRA tax audit. They will know how you should be packaging these different receipts to make the audit run much more smoothly. If you are missing any paperwork, you might be flagged for further review by the Canadian Revenue Agency. You should look to avoid all of these issues by working closely with a professional who has handled these CRA tax audit solutions before.

Anyone living in the Toronto, York Region, Durham Region and more can get professional tax audit help they need through Tax 911 Now. Call us at 1-877-918-2991 to speak with a representative shortly. If you come for a visit, we can discuss the scope of your problems and the strategy of dealing with the tax audits. The consultation is always free to make it easier for you to get started risk free.

Best Canadian Tax Preparation Service in Toronto

When you work with one of the best Canadian tax preparation services, there is no reason why you should overpay the taxman. Tax consultants from Tax 911 Now in Toronto serve a wide variety of individuals and businesses. The tax services cover a wide range of industries no matter you are an athlete, a dentist, a subcontractor, an heir looking for inheritance tax advice, a realtor or any other type of business. If you live in the areas of Toronto, York Region, Durham Region or the surrounding areas, then you can engage the professional tax preparation services of Tax 911 Now.

Tax 911 Now’s tax preparation service offered in Toronto helps you to deal with tax matters effectively and professionally. The tax consultant will help you understand the meaning of tax evasion and tax avoidance. Tax evasion is when you fail to pay tax, which is illegal, while tax avoidance is when you look for loopholes in the law that can help you pay less tax. Only the Toronto tax consultant can be able to go through your books and find a way to lessen your tax burden.

 

Insist on the Best Tax Preparation Service in Toronto

With these in place, you can be sure of getting the best in your tax preparation. Make sure that you look for experienced tax consultants who understand all about tax issues and tax rules and regulation governing it.  Well experienced tax consultants will help you avoid unnecessary mistakes that are bound to happen during your tax preparation.

The tax preparation services in Toronto and other cities helps manage your tax matters so that you do not file late thereby having to pay hefty fines. The tax preparation in Toronto needs to be done in a way that ensures that you pay only the necessary amount that is owed while keeping as much your income as possible.

 

Extra Protection: Reduce the Risk of Revenue Canada Tax Audit

No one wants tax audit after they file their tax return. Average tax preparers just file your tax return without thinking about how to control or reduce the risk of tax audit. That is why working with the best tax preparing firm is critical. Tax 911 Now has the expertise dealing with tax audits and thus understand the possible triggers for tax audits. By working with us, you effectively reduce your chance of being snapped up by CRA for audit.  Let’s face it, no one can guarantee the audit risk to be zero. Just in case you are audited and you need tax audit help later on, the tax preparation Toronto consultant at Tax 911 Now will help you get through with the audit and ensure that any issues is straightened out before you get in trouble with the CRA.

To contact with the top providers of expert tax service, you can call 1-877-918-2991 at any time. Alternatively, you can come for a visit at Tax 911 Now at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4. You can be sure you will get the best tax preparation services in Toronto. The ball is therefore in your court so make sure that you take the right steps in getting the best when it comes to tax preparation.

5 Tips on Dealing With CRA Tax Audit

When it comes to dealing with CRA tax audits, you need professional tax audit help. Are you already taxed mentally and emotionally due to the CRA audit notice? Don’t let them taxing you financially. With the help of Tax 911 now, you can walk through the whole tax audit process with minimum stress and best tax outcome.

Here are five tips for dealing with the CRA:

  1. Politeness Goes A Long Way:
    If you are dealing with a CRA auditor, it can be difficult to stay calm. Especially the auditors from big city such as Toronto. However, write down the name of the representative, their department, phone number and the date of their call. If you get a CRA audit Toronto, one of the worst things that you can do is to ignore them. The CRA is willing to work with people provided that they meet them halfway. 
  2. Procrastination Is Enemy Number One:
    If you are unable to get a hold of the CRA over the phone, then leave a message. The thing that the CRA values is that the person tried to get a hold of them. A CRA audit is not going to go away. If you ignore them, things will escalate, so it is far better to be honest with the CRA and not procrastinate talking to them. The last thing that you would want is for them to take tax evasion actions. The CRA will never fault you for being honest.
  3. Never Volunteer Information:
    When you are going through a CRA audit, it is important never to simply volunteer information to them over the phone. The CRA cannot legally force you to answer any questions over the phone. In these situations, it is best to hire a representative like Tax 911 Now. With Tax 911 Now, you have a company that is dedicated to helping you succeed in your CRA audit in all cities across Canada, including Toronto, Markham, Richmond Hill, Vancouver, etc.
  4. Ask Them To Put It Into Writing And Mail It:
    You can request the auditor to put the requirement in writing. This buys you extra time to get a representative, and it shows them that you are not deliberately avoiding them. 
  5. The CRA Audit Takes Time:
    If you are dealing with a CRA audit Toronto, then the thing you need to keep in mind is that it will take time. The CRA takes their time, and they do not keep you informed either. A CRA audit Toronto can take anywhere from six to nine months. One thing to keep in mind is that just because the CRA says something, that does not mean that they are right.

One such company that would be Tax 911 Now. This company deals with tax audit daily, so they have experience. You can visit them by clicking here or you can also call them at 1-877-918-2991, in order to schedule a free consultation on tax audit help. 

Best CRA Tax Audit Help for You and Your Toronto Area Business

Many people or businesses will be, if not have been, audited by CRA tax auditors. It is just a fact of life. Let’s face it, even with the best software, the best intentions and the most rigorous efforts to run a tight ship with every ‘i’ dotted and every ‘t’ crossed, an audit can still be frightening in the heart of individuals and business owners. If the Canada Revenue Agency (CRA) is slated to put your personal or business earnings under a microscope, you’ll need seriously committed and well-rounded professional CRA tax audit help to find the best CRA tax audit help.

 

Professional Accountant

You might assume a professional accountant should be enough. After all, a really good accountant understands accounting and numbers. An accountant is in an excellent position to explain your business’s day to day bookkeeping very well. However, an accountant may not have knowledge of the complex tax system. Without such knowledge, even the best accountant may find himself overwhelmed when faced by a determined tax agent. Moreover, an accountant are not trained to be negotiator and thus can not negotiate a best settlement for his client.

 

Good Tax Attorney

On the other side of the coin, a good tax attorney, while thoroughly versed in the legal aspect of tax system, may not have the needed accounting and bookkeeping know-how to explain your business’s day to day operations. Facing your Toronto tax audit requires  thorough understanding and representation of your personal and business operation. You need people in your corner who understand both accounting and tax/legal systems. Clearly, the best CRA tax audit help offered at Tax 911 Now embrace both the accounting and legal aspects inherent to a tax audit of your personal or business earnings.

Fortunately, the best CRA tax audit service is available with local offices in the Toronto, York and Durham areas. Your Toronto business may not have an expensive and impressive pool of attorneys and accountants on staff like other big businesses do. Yet, with CRA tax audit help available through Tax 911 Now, there’s no need.

Dedicated Tax Audit Experts

Tax 911 Now is manned by dedicated, compassionate professionals determined to help you and your business. No matter the problems involve unfiled taxes, unreported income, tax levies or tax garnishments, our service can and will help you. Tax 911 Now’s professionals know accounting, tax as well as CRA’s complex rule and regulations. They understand the tax system and they know how to negotiate for their clients. Tax 911 Now’s CRA tax audit help offer the prevention of an unfair tax assessment.

For your personal or Toronto-based business CRA tax audit help, call Tax 911 Now today at 1-877-918-2991. Find us online at https://www.tax911now.ca/ or come for a visit. You’ll find us at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4.

Tax Court CRA Tax Appeal Case for Small Business

The following is a typical tax appeal case in the tax court. This tax court case demonstrates how small business owners can run into problems with Canada Revenue Agency for nearly two decades of legal battle.
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Date: 2011-03-03

741290 ONTARIO INC., vs. HER MAJESTY THE QUEEN,

AMENDED REASONS FOR JUDGMENT

[1] These appeals were begun under the informal procedure of this Court, to challenge the correctness of some 94 unspecified assessments made under the provisions of the Income Tax Act (the Act),[1] the Employment Insurance Act[2] and the Canada Pension Plan[3] in respect of amounts required by those statutes to be withheld from wages paid to employees of the appellant between April 1992 and July 1999.

[2] By the Order of Rossiter J., as he then was, made on October 23, 2007, the appeals were quashed insofar as they related to assessments under the Employment Insurance Act and the Canada Pension Plan. On June 19, 2008, at the request of the appellant, McArthur J. ordered that the remaining appeals proceed pursuant to the general procedure.

[3] The appeals from the assessments under the Income Tax Act came on for hearing before me on December 9, 2009, and it quickly became apparent that the only issue that the appellant sought to pursue was not revealed by the Notice of Appeal. I granted leave to the appellant to file a Fresh As Amended Notice of Appeal, and that was done.

[4] By the amended pleading the appellant has limited the issue to the validity of the penalties assessed under subsection 227(9) of the Income Tax Act. Specifically, it is asserted that those penalties are subject to a defence of due diligence, and that the question of due diligence has been resolved in the appellant’s favour by a judgment of O’Connor, J of this Court. By that judgment O’Connor, J. allowed the appeals of Stella Pinnock and Stainton Pinnock from assessments made against them as the directors of 741290 Ontario Inc. under section 227.1 of the Income Tax Act in respect of amounts that should have been, but were not, remitted as withholdings from the wages paid by it to its employees.[4] The relevant part of paragraph 153(1)(a) and sections 227 and 227.1 are attached as Appendix “A”.

[5] Stella Pinnock and her husband, Stainton Pinnock, have been the directors of the appellant since its inception in 1987. From then until November 1998 the appellant operated Van Del Manor Nursing Home in Toronto under a license granted by the province of Ontario under the Nursing Homes Act. In November 1998 the Ontario Ministry of Health determined that the building could no longer be operated as a nursing home. After that Ms. Pinnock operated it as a retirement home for a brief period. Since September 1999, the premises have been leased to the City of Toronto, which operates it as a seniors’ home. The nursing home license was sold by the appellant’s bank.

[6] Mrs. Pinnock gave evidence for the appellant. From the outset the Pinnock’s had difficulty meeting their payroll. Mrs. Pinnock blamed this on a number of factors. The payroll was substantially higher than they had expected, based on the financial statements that they had seen prior to buying the business. The Ministry of Health required them to make substantial repairs, renovations and upgrades to the building, at considerable cost, in order to continue to use it as a nursing home. They also were required to increase the number of staff employed beyond the level that they had expected and that the income would support. The appellant was paid on a per patient basis by the Ministry of Health, and according to Ms. Pinnock’s evidence the payments were always made after the month end, when the money was required to pay current expenses. In short, the expenses of operating the business were higher than the Pinnock’s had foreseen, and there was an acute shortage of working capital from the outset.

[7] The appellant’s major income source was the monthly payments made to it by the Ontario Ministry of Health. These, Ms. Pinnock said, were amounts paid for specific purposes or activities such as patient care or nutrition, and they had to be applied to those purposes. The appellant’s employees were paid every second Thursday. For reasons that Ms. Pinnock attributed to delays by the Ministry of Health in making its payments, the appellant was frequently in the position of being unable to meet its gross payroll, which is to say the payroll including the statutory deductions that an employer is required to make for income tax, employment insurance premiums and Canada Pension Plan contributions. Frequently it did have sufficient funds, however, to meet the net payroll only, and on these occasions it did so by paying the employees their net pay for the period, but it did not remit the income tax and other deductions to the Receiver General within the time fixed by section 108 of the Income Tax Regulations[5] (the Regulations) for doing so.

[8] In January 2000, the Minister assessed Stainton Pinnock and Stella Pinnock pursuant to subsection 227.1(1) of the Act for the unremitted withholdings, interest and penalties. They appealed from those assessments to this Court, relying on the saving provision found in subsection 227.1(3), which reads:

227.1(3) A director is not liable for a failure under subsection 227.1(1) where the director exercised the degree of care, diligence and skill to prevent the failure that a reasonably prudent person would have exercised in comparable circumstances.

[9] Those appeals were heard by O’Connor J on September 29, 2004, and he gave judgment orally at the conclusion of the hearing allowing the appeals. His Reasons for Judgment are brief. He refers to the extent to which decisions made by the Ministry of Health affected the appellant’s profitability by imposing requirements to spend money on the maintenance of the building and by limiting the number of patients that could be accommodated, and to the financial problems caused by union demands. He found Mr. and Mrs. Pinnock to be credible witnesses, and to have attempted in good faith to resolve their financial difficulties by negotiating with the Revenue Agency officials, and by liquidating their personal savings to invest in the business.

[10] Schedule B to the Reply to the Notice of Appeal filed by the respondent lists some 93 assessments issued by the Minister between April 13, 1992 and July 14, 1999 in respect of withholdings either not remitted at all, or remitted late. By the time of the hearing the appellant no longer disputed the particulars of any of these assessments, either as to its failure to remit withholdings or as to the computation of the interest and penalties under the Act. It contested only the penalties for late remittance of the withholdings, on the basis that Stainton and Stella Pinnock were, at the material times, the alter ego of the appellant as they were the only directors, and so theirs were the controlling minds of the corporation. The appellant argues that if they, the only directors, exercised the degree of care, diligence and skill that a reasonably prudent person would, in comparable circumstances, have exercised to prevent the failure to remit on time, then it must follow that the corporation exercised sufficient diligence to be exculpated from the penal provisions of subsection 227(9). This submission, of course, necessarily depends upon the proposition that failure to remit the statutorily required withholdings is a strict liability offence rather than an absolute liability offence, and that the degree of diligence required of directors by subsection 227.1(3) is at least as great as that required to exculpate the company under subsection 227(9).

[11] The appellant argues that it would be incongruent and lacking in consistency for Parliament to have provided a defence of due diligence for directors from their potential vicarious liability under section 227.1 for the failure of a corporation to remit amounts withheld under section 153, and yet not provide a similar defence for the corporation from its potential liability to a penalty under subsection 227(9). The argument is that since the directors are the directing mind of the corporation the legislation must be presumed to require the same standard of conduct from the corporation itself as is required from the directors.

[12] In my view the matter is not so simple as that. The reasons of the majority of the Supreme Court of Canada in Toronto (City) v. C.U.P.E. Local 79[6] were written by Arbour J. At paragraph 23 she notes that there are three conditions that must be met for issue estoppel to apply:

(i) the issue to be decided must be the same as that which was decided in the prior case;

(ii) the earlier decision must have been a final one; and

(iii) the parties to both proceedings must be the same, or their privies.

While abuse of process by litigation is a more flexible doctrine than issue estoppel, it is clear from Arbour J.’s discussion of it at paragraphs 35 to 54 that the requirement of identity of issue in the two proceedings is as necessary to abuse of process as it is to issue estoppel.

[13] The rationale underlying both doctrines includes avoiding unnecessary expense to the parties to relitigate a matter that has already been decided, conserving judicial resources, avoiding the possibility of collateral attack on a prior judgment that would otherwise be final, and protecting the integrity of the judicial system from the harm to public confidence in it that would be occasioned by inconsistent judgments in respect of the identical issue. None of these concerns arise if the issues in the first and second proceedings are not identical.

[14] The appellant’s argument in this case assumes that if failure to remit amounts deducted is not an absolute offence, admitting of no defence whatsoever, then the degree of care that a corporation must show in order to establish a defence for purposes of the penalty imposed by subsection 227(9) of the Act must be identical to the degree of care that a director must show in order to avoid vicarious liability for the default of the corporation under subsection 227.1(3). I understand this proposition to be founded on the basis that subsection 227.1(3) uses the expression “due diligence” and that phrase has been used from time to time to describe the defence available to those charged with a strict liability offence.[7]

[15] I know of only one case in which the question whether the failure to remit as and when required is an absolute or a strict liability offence has arisen. That is Weisz, Rocchi & Scholes v The Queen, [8] a decision of Bowman, A.C.J., as he then was. His conclusion was that the offence of late remitting had not been established by the evidence, and so there was no need to decide whether, if it had been established, the appellant would have been entitled to avoid liability for the penalty by proof of due diligence. He did, however, add in obiter that although the question was one for another day, if he had been required to decide it he would have found that a due diligence defence was available.

[16] For purposes of this appeal, I am prepared to assume that a “due diligence” defence is available. Nevertheless, for the reasons that follow, I conclude that neither res judicata nor abuse of process by relitigation based on the judgment of O’Connor J. is available to the appellant, and that the defence of due diligence, assuming it is available at all, has not been established.

[17] Assuming that failure to remit as and when required is not an absolute but a strict liability offence, it nevertheless requires a greater degree of “due diligence” than does subsection 227.1(3). The words of that subsection are precisely the same as those found in paragraph 122(1)(b) of the Canada Business Corporations Act,[9] and were considered by the Supreme Court of Canada in Peoples Department Stores Inc. v. Wise.[10] That Court’s conclusion as to the standard of conduct that these words mandate is found in paragraph 67 of the unanimous judgment:

67 Directors and officers will not be held to be in breach of the duty of care under s. 122(1)(b) of the CBCA if they Act prudently and on a reasonably informed basis. The decisions they make must be reasonable business decisions in light of all the circumstances about which the directors or officers knew or ought to have known. In determining whether directors have acted in a manner that breached the duty of care, it is worth repeating that perfection is not demanded. Courts are ill-suited and should be reluctant to second-guess the application of business expertise to the considerations that are involved in corporate decision making, but they are capable, on the facts of any case, of determining whether an appropriate degree of prudence and diligence was brought to bear in reaching what is claimed to be a reasonable business decision at the time it was made. (emphasis added)

Can this be said to be the same standard that applies to the obligation of an employer to remit to the Receiver General the amounts that it has withheld from its employees’ earnings for their income tax liability as required under section 153? I think not.

[18] There is a marked contrast between the standard of conduct required by the “reasonable business decision” test under subsection 227.1(3) on the one hand and what is required by section 227 on the other. Subsection 227(4) creates a trust in favour of the Crown, whereby the employer holds the amounts deducted for income tax from payments of remuneration “… in trust for Her Majesty and for payment to Her Majesty in the manner and at the time provided under this Act.”

[19] It is certainly reasonable that an employer should not be penalized under subsection 227(9) where the failure to remit in time is caused by an event beyond the employer’s control, such as a failure of the post office to deliver a remittance mailed in time, or an error made by a bank clerk in transferring funds. However, subsection 227(4) does not permit the employer, in any circumstances, to make a business decision to use the funds for some purpose of its own, no matter how dire its financial plight may be or how brief the period for which it intends to use the funds. The funds belong to the employees, not to the employer. In my view, any failure to remit withholdings when they are due that results from a deliberate decision of the employer, whether that decision is made by a director or by an employee, would necessarily be culpable. Consequently, the issues that arise under subsection 227.1(3) and subsection 227(9) are different. Neither issue estoppel nor abuse of process by relitigation can apply in this case.

[20] Was the failure of the appellant to remit its withholdings as and when prescribed under the Act the result of an event beyond the control of the corporation, or did it result from a deliberate decision? Mrs. Pinnock certainly tried by her evidence to paint a picture of a corporation that was in default only because of unforeseeable problems caused by the actions of others. The expenses were greater than she and her husband had anticipated because they were not properly revealed to them before they purchased the business, and because the Department of Health made too many demands on them to spend money on upgrades and repairs. Labour costs were inflated by staffing requirements that were imposed on the appellant by the Department of Health, and by the demands of unionized workers. The payments from the Department of Health always came after the month end, when the money was required before that in order to meet the payroll and the accounts payable. Their attempts to raise additional capital were thwarted by the banks that would not extend additional credit to the appellant after its line of credit was exhausted, and by the refusal of the Department of Health to approve a prospective investor.

[21] It is clear from the evidence of both Mrs. Pinnock and Ms. Ebanks, a CRA Collections Officer, as well as from the Amended Notice of Appeal, that the appellant habitually failed to remit the payroll withholdings as and when required under the Act, and that its failure to do so was caused entirely by the fact that it did not have the necessary funds to meet the gross payroll, and so elected to pay the net payroll to the employees and not pay the withholdings. This practice was the subject of adverse comment by the Supreme Court of Canada in Royal Bank of Canada v. Sparrow Electric Corp.:[11]

(B) The Nature of Section 227(4) and (5) Statutory Trusts

25 Section 153(1)(a) ITA places an affirmative duty upon employers to deduct and withhold amounts from their employees’ pay cheques, and remit those withholdings to the Receiver General on account of the employees’ tax payable. By virtue of s. 153(3) ITA, these withholdings are deemed to become the property of the employee:

153 …

(3) When an amount has been deducted or withheld under subsection (1), it shall, for all the purposes of this Act, be deemed to have been received at that time by the person to whom the remuneration, benefit, payment, fees, commissions or other amounts were paid.

In a perfect world, these deductions would be made, a cash fund would be set aside by the employer, and the withheld amounts would be promptly remitted to the Receiver General when due. The deducted amounts, lawfully the property of the employee, would in this way be transferred to Her Majesty to be set against his overall tax payable.

26 As a practical reality, however, these deductions are often not remitted as required under the ITA. Instead, the withholdings are commonly made solely as a book entry, and therefore the deduction of taxes from wages becomes merely a notional transaction; no cash is actually set aside for remittance and, often, the deductions are not transferred to the Receiver General: see, e.g., Re Deslauriers Construction Products Ltd., [1970] 3 O.R. 599 (C.A.), at p. 601. It is at this point which a business becomes indebted to Her Majesty for the amount of moneys only fictionally deducted. I hasten to add, however, that while it can be said Her Majesty at this point becomes de facto, if not de jure, a creditor of the non-remitting employer, the arrangement is dissimilar to an ordinary debtor-creditor situation in two fundamental respects. First, in contrast to usual negotiated credit arrangements, this transaction is of manifestly a non-consensual nature. Second, by virtue of s. 153(3), the debtor can in law be considered to be utilizing an asset which is the property of its employees. In this sense, it is not inaccurate to characterize the non-remittance of payroll deductions as a “misappropriation” of the property of another. Indeed, the authorities, correctly in my view, commonly refer to the conduct of the tax debtor in this manner: Roynat, supra, at p. 646, per Twaddle J.A.; and Pembina on the Red Development Corp. Ltd. v. Triman Industries Ltd. (1991), 85 D.L.R. (4th) 29 (Man. C.A.), at p. 48, per Lyon J.A. dissenting.

27 The economic reality of this sort of misappropriation of statutory deductions is artificially to increase the working capital of the tax debtor. By foregoing a cash payment to Her Majesty in the amount of the payroll deductions, the tax debtor is able to utilize the freed resources elsewhere in its business. The effect of non-remittance was summarized by Lyon J.A. in his dissenting reasons in Pembina on the Red Development, supra, at p. 48:

… either the tax debtor used the misappropriated deductions for its own purposes or the pool of moneys available for distribution to the tax debtor’s creditors … has been increased by the amount which the tax debtor failed to remit to the Receiver-General.

28 It is against the backdrop of this unfortunate factual scenario that the provisions of s. 227(4) and (5) can be seen to have been enacted. While it can be said that at the point of withholding the employer becomes the trustee of a fund which is in law the property of its employee, s. 227(4) has the effect of making Her Majesty the beneficiary under that trust. I agree with the observation of the mechanics of s. 227(4) made by Twaddle J.A. in Roynat, supra, at p. 646, where he states:

Although [s. 227(4)] calls the trust created by it a deemed one, the trust is in truth a real one. The employer is required to deduct from his employees’ wages the amounts due by the employees under the statute. This money does not belong to the employer anymore. It belongs to the employees. The employer holds it in a statutory trust to satisfy their obligations.

The conceptual difficulty arises, of course, when the tax debtor fails to set aside moneys which are to be remitted. At this point, the subject of Her Majesty’s beneficial interest becomes intermingled with the general assets of the tax debtor. As Twaddle J.A. rightly observed in Roynat, supra, at p. 646, “Her Majesty’s claim … then be[comes] that of a beneficiary under a non-existent trust”. In short, the misappropriation of statutory deductions conceptually problematizes the legal vehicle — the concept of the trust — which Parliament has invoked in order to regain the moneys lawfully owed to Her Majesty.

[22] Faced with a chronic insufficiency of working capital, and unable to meet its gross payroll in full from time to time, the appellant chose to solve the problem by appropriating the withholdings rather than by resorting to the mechanisms available under the statutes designed to deal with the problems of insolvent corporations. This misappropriation is surely conduct beyond the threshold of culpability under subsection 227(9) of the Act, no matter whether the offence be considered “strict liability” or something else. For this reason, like Bowman C.J., I need not decide whether the offence is one of absolute liability or not. Certainly, the appellant in this case has no basis on which to claim that it used all reasonable means, or even its best efforts, to avoid the failure to remit on time.

[23] The appeals are dismissed, with costs to the respondent.

Signed at Ottawa, Canada, this 3rd day of March, 2011.

“E.A. Bowie”

Bowie J.
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What You Need to Do Now to Fix Your Tax Problems Rather than Going to Court

If you sense that you will run into troubles with the tax man or you have been alerted by the tax man, then you cannot afford to wait any longer! Do something to resolve your tax problems.

It makes far more sense, and will be less costly in the long run, to resolve your tax problem with the tax man right away, rather than dealing with the financial burden of going to court.

The first step is to stop procrastinating and running. Take action today!

Hire someone who is qualified and has the experience to help you solve tax problems. Many people try to handle their tax problems themselves, resulting in frustration and negative results because they do not understand the complicated tax system well.

Our initial consultation is FREE and CONFIDENTIAL. You will get comprehensive analysis of your tax problems and recommended solutions in the first meeting. Then you can decide what to do from there. There is no obligation required.

CRA Tax Penalites

 

Filing taxes late: There’s a high cost


Thousands of Canadians file their taxes late. Be prepared to pay hefty penalties and to lose some government benefits if you do.

Millions of Canadians filed their tax returns before the April 30th deadline, but there are thousands that end up filing late, or not filing at all.

If you do not owe money, there is no late filing penalty. You will still be able to file later and still receive your tax refund. However, if you owe money and file late for whatever reason, you will end up triggering penalty fees, face interest payments and become ineligible for certain government benefits.

Here are few things to know if you’ve filed your taxes late:

Interest and penalties
There are two different kinds of penalties levied by the the Canada Revenue Agency (CRA).

There are late filing penalties when you owe taxes and don’t file your return on time. The penalty is 5 per cent of the amount owed, plus an additional 1 per cent of the balance owing for each month that your return is late – to a maximum of 12 months.

For example, if you owe $2,500 and file six months late, you will be charged 11 per cent – or $275.
On top of the late filing penalty, you will also be charged interest on any amount owed. Interest is compounded daily, and interest rates can change every 3 months.

If you filed a late return this year, and you were also charged a late-filing penalty in one of the previous three years, your late-filing penalties will double. The CRA will charge a penalty of 10 per cent of the taxes you owe, plus an additional two per cent for each full month that your return is late, up to a maximum of 20 months.

News Source: theStar.com

CRA’s Hefty Late Filing Penalties

First time late filing penalty: if you owe tax and do not file your return on time, CRA will charge you a late-filing penalty. The penalty is 5% of your tax balance owing, plus 1% of your balance owing for each full month that your return is late, to a maximum of 12 months. In another word, if you have late tax unfiled, for the very first year, you will have 17% of tax owing for the penalties alone.

Repeating late filing penalty: if the late filing is a re-occurring event within three years, then the penalties become nearly tripled. The late-filing penalty becomes 10% of your tax balance owing, plus 2% of your tax balance owing for each full month that your return is late, to a maximum of 20 months. That is a late filing penalty of 50% of your tax owing.

The Compounded Daily Interests

In addition to the late filing penalties, CRA charges much higher interest than banks on your tax balance and penalties. The interest is compounded DAILY. Use rule of thumb, if assumed interest is 7%, which is not abnormal for CRA for many years, then tax owing doubles in about ten years. When the interest is compounded daily, the interest keeps running when you sleep.

What You Need to Do Now is to stop procrasnating, start taking actions. You can not afford to wait any longer!

What We Can Do to Help You

To control your damage right away, we will do a quick, sometimes, on the spot assessment, if you have unfiled taxes for years and you do not owe taxes. Then we will quickly help you to reconstruct all the financial information and locate all your missing pieces of tax information to report your tax returns properly.

If we determine that you have unfiled back taxes and large tax debts owing for many years and thus the interests and late filing penalties are alarmingly high. Then we may need to help you to file under the Voluntary Disclosure Program or Tax Amnesty immediately to avoid the risk of being caught by CRA and thus lose the opportunity to file under the protective Voluntary Disclosure Program to reduce the severe damage. The penalties alone may force you into bankruptcy.

Why You Should Work with Tax 911 Now

Unlike these accountants or the tax filers with seasonal appearance in the malls, we can not only fix your back tax problem, we can also help you to negotiate with CRA for the matters before and after the filing.

Before the filing, we can help you to file Tax Amnesty program to completely remove your penalties and/or some of the interests.

After the tax filing, if CRA challenge you or audit you, we have the expertise to represent you and fight for you on the returns;

If the tax bill is too high, then we can negotiate a tax relief for you to reduce the tax penalties and interest, or we can help you to negotiate an affordable payment plan so no legal collection actions will be taken against you by CRA.

We are different because we can provide much more comprehensive services to protect you in many aspects and all stages of your tax dealing with CRA.

Our Unlimited Free Consultation & Service Guarantee

To begin with, we offer RISK FREE no obligation initial consultation just to help you to understand the depth and complexity of your tax problems. We will also provide you the recommended steps to take to fix your tax problems. Then it is completely up to you to decide what to do from there.

If you do decide to engage us to fix your tax problems, we will provide price match guarantee within the entire tax negotiation industry.

CRA Tax Appeal & Objection

There are times taxpayers believe that the CRA has unfairly assessed them. If errors are not corrected, The taxpayers will end up paying extra taxes that they do not owe. Some are very significant. If you believe that you should not owe the amount of taxes that CRA has assessed and the amount is big, then you should stand up for your right as the taxpayer.

There are deadlines for you to file a tax appeal.
If you do decide to file a tax appeal, then you need to file it within the timelines dictated by tax law, which is 90 days after you receive the Notice of Assessment or Reassessment.

The CRA has to cease legal collection actions once you file a tax appeal.
The CRA can take legal actions to collect their taxes, such as income garnishment, liens against taxpayer’s property, they can direct sheriffs to sell taxpayers’ assets, freeze taxpayer’s bank accounts. Only tax appeal can effectively stop the legal collection actions.

Tax appeal is a serious and complicated matter.
In fact, the tax appeal process is so complicated that most accountants do not feel comfortable dealing with it on their clients’ behalf. For this reason, the help of experienced tax professionals is very important.

Seasoned tax professionals will be able to perform effective negotiation on your behalf with CRA.

The first step is to stop procrastinating and running. Take action today!

Hire someone who is qualified and has the experience to help you solve tax debt problems. Many people trying to do the tax appeal themselves quit halfway due to the complexity of the matter.

Get an experienced tax professional TODAY by calling Tax 911 Now team at 877-918-2991

We have won so many tax appeal cases for clients, who in turn shared their positive experiences and appreciation in their testimonials.

Our Free No Obligation Consultation & Rate Guarantee

To begin with, we offer first-time RISK-FREE consultation. There is no obligation and it is completely up to you to decide what to do from there.

Our tax services are offered in the following cities in Canada:

  • Toronto
  • Markham
  • Vancouver
  • Calgary

Get Tax Appeal Help TODAY by calling Tax 911 Now team at 877-918-2991

How to Deal with CRA Tax Audits

Most taxpayers are alarmed when they receive audit requests from the Canada Revenue Agency (CRA). Tax Audit Help Toronto finds that the CRA uses computer-generated lists, special projects, leads, and associated files for selecting most taxpayers for audits, and of these methods the computer-generated list is most common. The CRA automated system randomly collects financial information for taxpayers across similar businesses or occupations to generate lists of returns, some with information inviting audits.

 

Groups are targeted

Special projects probe compliance of particular taxpayer groups. If any non-compliance discovered, the CRA may expand the audit locally, regionally, or nationally. Leads from previous audits or from outside sources and filings of taxpayers associated in business with those already audited round out the most common methods of selection.

CRA audits examine financial statements, previous audit results, ledgers, bank account statements, sales invoices, purchase receipts, expense accounts, and other business records. A desk audit (at a CRA office) may require the taxpayer to identify or explain questionable items and to bring specified documents for examination for unreported income. A field audit (at the taxpayer’s home or office) usually means a more serious potential liability.

 

We go investigate your taxes to ensure proper credits are given to you

When providing tax audit help in Toronto and other areas, Tax 911 Now has found that auditors do not review all information necessary. Auditor errors are not unusual and can cost taxpayers thousands; By working with Tax 911 Now for tax audit help, you can prevent such costly errors, first by reducing the audit risks.

Tax 911 Now’s comprehensive audit solution program first identifies taxpayer problem areas likely to attract CRA audits. The self-employed are more at risk of audits than are hourly or salaried workers. Sudden, dramatic changes in economic circumstances or a standard of living much higher than the norm for taxpayers similarly situated often arouse CRA curiosity. Business losses over several years may make the CRA suspect setoffs to other income. Participation in tax shelter programs like donation schemes is a matter for CRA scrutiny. Deduction of more than 15 per cent of income for home office expenses signals a case for an audit. Tax Audit Help Toronto advises taxpayers in any of these situations to be especially careful in keeping records and receipts for expenditures.

Tax 911 Now advises small business owners to have all returns filed on time and all documents ready and to be prepared for any audit. Records should detail all income and every expense. Although the CRA audits fewer than 5% of small business proprietors, it is important to keep complete records over seven years

The CRA’s interest in whether the self-employed report their full incomes is constant. The CRA also watches for discrepancies in incomes reported from sole proprietorships and partnerships. It is required that everything earned must be reported. Tax Audit Help Toronto advises small business owners to be consistent with record keeping.

A small business with lots of cash sales should record all of them and should file appropriate forms for all business areas on time. Claims for deductible expenses must relate to the business. By following these suggestions from the expert in tax audit help services in Toronto, taxpayers should be able to reduce the chance of CRA audits or handle them easily when there is one.

Tax Audit Help Toronto, Tax Audit Help Canada

Need Tax Audit Help Toronto, Canada?

Need Tax Audit Help Toronto, Canada?

Each year countless Toronto residents live in fear of having their tax returns audited by the CRA in Canada. If you ever get a notice from the CRA about being audited, you should turn to professionals, like the tax team at Tax911now.ca, for tax audit help Toronto. Tax payer audit help Toronto is available or anyone who received audit notice sent by CRA demanding verification of tax reported.

Tax audit prevention

The first preventive step one can take to avoid a tax audit is to hire a tax accountant to file your returns for you. Business owners, especially, need to hire a tax accountant to keep track of all of their financial records. Audits can still happen, but they will not be as worrisome if you hire a reputable tax resolution firm that has experts in the tax system on board, such as ex CRA agents.

Bring all information to your meeting

Before you go in for professional tax audit help Toronto, Canada gather up all of your financial records and take them with you. That way a skilled tax lawyer can take a look at your tax situation and devise a tax resolution plan for you. Under Canadian law, taxpayers are supposed to keep copies of their financial records for at least six years, so take all the papers your tax resolution services tells you to bring. Tax resolution professionals are experts at devising the best plan for people that need tax audit help Toronto.

Undergoing an audit by the Canadian Review Agency is one of the most stressful things. You will want to make sure you to enlist the services of a professional tax firm that specializes in tax audit help Toronto. When you hire professional tax audit help Toronto, you can let them handle the audit for you. In fact, the less time you spend talking to the auditor, the better.

Let your tax representatives do all the talking for you. Tax resolution firms that have ex CRA agents and skilled tax specialists on staff are the best to use when you need tax audit help Toronto. Contact tax911now if you need tax audit help Toronto Canada.

Tax Audit Help in Toronto

Tax audit risks

Every business and individual in Canada who pays taxes can be selected for an audit regardless of whether there are irregularities in their tax returns or not. Audits are conducted for a number of reasons, including those with tax return problems and others who are randomly selected by a computer program. In general, the risk of being selected for a CRA audit are greatly reduced if you work with a professional tax preparation service who has tax audit expertise. Equipped with years of tax audit expertise, Tax 911 Now, with offices in Toronto, York and Durham regions, prepares the tax returns of the business or individual with the mandate of audit risk control in mind.

 

Need tax audit help? 

If you’ve received a audit notice and need help, Tax audit help can be found by using a Tax 911 tax consultant in Toronto. When a CRA audit begins the taxpayer is contacted directly by the CRA; Tax representative at Tax 911 Now can start to represent you in the audit and help to schedule meetings and ensure all the required documents are assembled and complete before being presented to a CRA agent.

 

We are Tax Audit Experts

For tax audit help, Toronto taxpayers can choose one of two options for completing an audit, which are to assemble and send required documents to a CRA office or to allow a CRA agent to audit the business at its place of business. Tax 911 will ensure the audit goes well by providing tax audit help effectively and professionally. Tax audit help starts with a negotiation with CRA agents on the scope, the time and the location of the audit and then organizing all meeting times and locations. For an audit to be completed successfully a number of documents are required by the CRA agents, including sales ledgers, bank account statements and invoices, etc. Tax 911 Now can provide tax audit help Toronto businesses need by checking all the documents required for the audit are complete; when required a tax professional will usually attend the audit at the meeting place or place of business to ensure all the auditor’s requirement are met. By being present throughout the audit, the tax professional can ensure correct procedures are followed and any questions the auditor has are answered quickly and correctly without disclosing information unnecessarily.

 

Tax help for all over the Greater Toronto Area GTA

For many Toronto, York and Durham residents, employing a professional tax preparation and accounting services, such as Tax 911 Now, gives them peace of mind that their taxes and potential tax audit problems are handled correctly. By handling the CRA tax audit for individuals and business for many years, Tax 911 Now has the expertise to make sure that tax returns are audit proof to reduce the risk of audit problem for future.

 

For help with taxes from Tax 911 Toronto individuals and businesses can call 1-877-918-2991 or call into the office at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4.

Tax Alert: CRA Tax Audit on Condo Flippers

 

In recent few months, major news medias warned the public about upcoming CRA (Canada Revenue Agency) condo tax audits. Financial Posts and The Toronto Star published that the Canada Revenue Agency is undergoing tax audits of condo sales to check for non compliance with the Income Tax Act.

The focus of the audit is to determine whether the profit from your condo sale is treated as “capital gains” (where only 50% is taxable) or as “income” (where 100% of the gain is taxable).  The CRA is particularly concerned with “assignment” transactions where the person buys a pre-construction condo but subsequently sales the right to buy the condo before its final closing.  In the past, builders are not required to disclose the names of the original purchaser but under new CRA rules they may have to disclose them.

People who have assigned multiple properties over the year or even the last few years will have difficulty persuading the CRA that these transactions should be treated as capital gains rather than income.

CRA is also going after people who take possession of the condo unit but sale it shortly after the date of closing, typically shorter than year and a half. Planning and preparation plays a key role in protecting yourself. Most taxpayers have no ideas how to prepare the needed documentation to gain advantage in winning the battle.

If the CRA believes that the transaction is to be reported as income rather than capital gains, the resulting financial consequence can be very costly.  For example, if your gain is $100,000  and CRA deems that this is to be classified as “income” then you must include the entire $100,000 as taxable income in the year of the sale.  If it is capital gains then only $50,000 is taxable.

In addition, CRA will also charge you interest on the taxes that you owe after a reassessment.  For people who did not report the transaction all together, may face hefty gross negligence penalties because of it.

The taxpayer will need to act quickly in gathering evidence and formulating a defence in time to respond to the audit proposal letter.

It happened in the past that taxpayers, out of innocence, had casual conversation with CRA auditor and got irreversible damage out of it. Because the goal of tax auditors, even if the nicest ones, is to get biggest tax revenue possible from you. Then everything you disclosure can be used against you.

It is very important that as soon as you receive CRA audit letter, treat it as high alert and immediately, see professional protection before it is too late. Contact us at 1-877-918-2991 or email Help@Tax911Now.ca or fill out the Contact Form to the top left right away if you are facing serious audit risks.

 

Guide To Getting CRA Audit Services in Toronto

Many residents in the Toronto area may suddenly find themselves needing tax services. They may not understand what they need to do in order to clear some of these issues that may have come up for them. These residents will want to secure CRA audit Toronto services.

CRA investigation? 

There are a few reasons why people may suddenly find themselves being investigated by the Canadian Revenue Agency (CRA). This is the local governmental body that will be performing reviews of the tax records for citizens. Some may have heard that CRA audit Toronto services are available to them through Tax 911 Now that is dedicated to providing tax audit help Toronto residents can trust. Residents from the Toronto, York Region, Durham Region and more will be curious about how they can get help.

Several people out there may have found themselves the target of a review by the CRA. The agency will want to take a closer look at the filings of many taxpayers. They may also be curious about people who tend to owe quite a bit in back penalties. Though there may be many reasons why it might start, it seems that most people will want to take a look at tax audit Toronto services.

Many individuals might be wondering how they can cope with some of the audit notice that they can expect to receive from the CRA. This can place a considerable burden on anyone who may be depending on that kind of income to get by in their lives. The fact is that there are a number of different CRA audit Toronto services for taxpayers in Greater Toronto Area or GTA.

There are actually quite a few different ways that these tax audit services could help these people. They may be looking for ways to make their audit go as smoothly as possible. Most everyday people will be a little confused by the process that occurs during an audit. This is why CRA audit Toronto services are so important to many people out there. The team at Tax 911 Now are actually very dedicated and professional. This means that residents can trust them to deliver CRA audit Toronto services professionally and effectively.

Need tax audit help

Finally, Tax 911 Now will be available to help just about everyone that lives in the Toronto, York Region, Durham Region and more areas. They feature many tax professionals who understand how to deliver CRA audit Toronto services effectively. Call Tax 911 Now team at 1-877-918-2991 and come for a visit to get help on your tax audits immediately.