If you are late filing your taxes in Canada there is no need to worry that you are the only one. Many people miss the deadline and it is for a variety of reasons. Sometimes there is the belief that nothing is owed and so do not have to put in a return. Some people » Read More
Category Archives: Articles
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. What You Need to Do Now to Fix Your Tax Problems Rather than Going to Court If you sense » Read More
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 » Read More
Professional Canadian TAX Accountants
Are you facing any of the following tax issues? Issues on back taxes, late taxes, unfilled taxes? Personal, self-employed business, Corporate and business tax issues? Unreported Income, under-reported income? Issue with tax audit (Income tax, GST/HST, PST, payroll, WSIB)? International tax issues? Owing large tax debt, tax penalties and interests? Income garnishment, tax lien? That » Read More
Tax Payer Relief by CRA’s Taxpayer Relief Program
CRA has been training all their agents, such as auditors or collection agents, to use the buzz word “Tax payer relief” when communicating with tax payers as if that is an easy and simple request to make to get a big reduction of the tax debts The matter of the fact is that every tax » Read More
How To Stop and Release an Income Garnishment
Canada Revenue Agency (CRA) may collect the unpaid assessed amounts by way of garnishment. This method may be used to obtain the tax owing by tax payers for the amounts owing to CRA. Garnishment is usually served on a third party such as a company, financial institution or individual who the CRA believes is liable » Read More
Tax Representation Canada
When do you need a tax representative? When a taxpayer has a complicated tax situation that needs extra attention, we always recommend that Professional Tax Representation be used. Representation is also useful if a taxpayer does not have the time or desire to speak to the CRA on their own. Why use a tax representative? » Read More
Voluntary Disclosure Program (VDP)
As the Canada Revenue Agency (CRA) moves forward to aggressively address non-compliance on unreported income or unfiled taxes, it becomes more important that you need to be aware of the Voluntary Disclosures Programs (VDP) In cases of gross negligence, the Income Tax Act allows the CRA to assess a penalty of up to 50% of the unpaid » Read More
Unfiled Tax Returns to CRA
There are more and more people experiencing problems of unfiled tax returns. It is understandable that there are many priorities in people’s lives and thus sometimes it is becoming increasingly difficult for taxpayers to catch up with their tax filing obligations. The CRA, however, views your situation differently, not in sympathy perspective as CRA is, » Read More