Category Archives: Unfiled Taxes

CRA Unfiled Taxes

Unreported Foreign Income to the CRA: CRA’s Target

The tax collector is the same no matter which country you live in. They will leave no stone unturned when going after a delinquent tax payer. That’s why people with unreported foreign income to the CRA must be aware of the CRA’s new methods of getting to them.  The Canada Revenue Agency has maximized enforcement » Read More

Don’t Struggle Alone – Tax Problems Canada Based Can be Solved

When it comes to tax problems Canada can be a minefield and the problems can fall into a number of categories.  While they may seem insurmountable at the time, with the right help there are very few things that cannot be solved. You may not want to get other people involved, and while you may » Read More

The CRA Late Filing Penalty And Other Types of Penalties

The Canada Revenue Agency will not sympathize with you in every circumstance. If you have not filed your taxes returns for current year or previous years, for instance, the CRA demands to know why you have not. If your reasons are acceptable, the CRA might waive your penalty or interest amounts. It is not known » Read More

Voluntary Disclosure CRA Program – Who is Qualified?

Paying taxes is mandatory in Canada.  The Canada Revenue Agency expects that you will file your tax return on time. In addition, the CRA wants you to prepare your tax return professionally to avoid omissions or false statements. If you have undeclared income, or previously submitted tax returns that had errors, the CRA gives you » Read More

Undeclared income Must Be Reported In Canada

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

Unfiled Taxes Canada – A Comprehensive Guide For Late Tax Payers

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

Late Tax Filing Will Attract Penalties and Interests on Amounts Owed to CRA

Late tax filing is a common problem among global tax payers. If you live in Canada, and have not paid your 2013 taxes, you will face a serious penalty starting May 6th this year. According to CRA (Canada Revenue Agency), you will be charged a daily interest (compound interest) on any outstanding balance for 2013. » Read More

Voluntary Disclosure and Unfiled Taxes Canada

Many Canadians lose their sleep over unfiled taxes Canada as they get nervous about the income that they have failed to report to the CRA. Such acts amount to tax evasion. Yet, things can be brought back on track with proper planning and professional help. The taxation system for income tax in Canada is self-assessment » Read More

Voluntary Disclosure and Unfiled Taxes Canada

Many Canadians lose their sleep over unfiled taxes Canada as they get nervous about the income that they have failed to report to the CRA. Such acts amount to tax evasion. Yet, things can be brought back up to date with proper planning and professional help. The taxation system for income tax in Canada is » Read More

Getting Ready to File Income Taxes Past Years

It will never be too late for you to file your income taxes past years. People think in terms of filing their income tax returns generally for the current year. But, if you have not filed tax returns for the past few years or you have tax returns which are overdue or outstanding, you can seek » Read More

Ways to file your Past Years Income Taxes

It is important to file your back taxes and look into past years income taxes.  The principal reason for filing your back taxes is to be compliant with the law because failure in filing taxes is a federal offense which is punishable by huge penalty and a possible criminal prosecution and imprisonment. If you are » Read More

Filing of Corporation Income Tax Toronto

For corporations in Canada who want to claim the small business deductions when filing corporation income tax Toronto or other Canadian cities such as Calgary, Vancouver, the net tax rate effective from January 2012 has been 15%. The corporation is a popular business structure form in Canada. This is because the distinction in liability protection for » Read More

Understanding Corporate Income Tax in Canada

In most countries there are various kinds of taxes and levies that must be paid. You will find frequently many variations that exist in countries, states and provinces all around the world. Corporation income tax in Canada is no exception, as there are different kinds that exist and which have to be followed. Corporation income » Read More

Five Income Tax Preparation Tips!

Each year tax season seems to come out of nowhere and we all scramble like mad to get our paperwork in order for our income tax preparation to be done by the Income Tax Accountant. What if it didn’t have to be that way, what if you were organized all along the way? With just » Read More

Quality Tax Return Help in Canada

We have met many taxpayers who have learned tax lessons the hard way. Taxpayers, who self-prepare tax returns, have a higher risk of making just one critical error on a tax return, to cause big tax problems in the future.  Tax 911 Now handles a wide range of tax problems including unfiled tax returns. We » Read More

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 » Read More

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 » Read More

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 » Read More

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 » Read More

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 » Read More

CRA Tax Penalties to Individuals and Businesses

Late-filing tax penalties for individuals, self-employed and corporations If you or your corporation owe tax and do not file your return on time, CRA will charge a late-filing tax penalties. The tax penalties are 5% of your balance owing, plus 1% of your balance owing for each full month that your return is late, to » 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