The Canada Revenue Agency (CRA) has a Voluntary Disclosures Program to assist taxpayers with disclosing information about prior tax affairs that need to be resolved. If you live in Toronto, the York Region or the Durham Region and you are delinquent due to known inaccuracies, incomplete information or a failure to submit your income taxes, Tax 911 Now will assist you in making disclosure to the CRA. The professional tax amnesty agents at Tax 911 Now can shelter you from late filing penalties and prosecution through the program. In some cases, Tax 911 Now may negotiate a reduction in interest on your behalf.
Tax amnesty agents are the experts
In order to qualify for amnesty, a written submission that discloses your tax liability must be voluntarily provided to the CRA. Participation in the tax amnesty program is totally dependent upon your voluntary disclosure. As such, you must initiate disclosure before an enforcement action is levied against you. If you wait until an enforcement action has been initiated against you, your disclosure is no longer considered voluntary. Tax 911 Now will initiate your voluntary disclosure by providing the CRA with properly documented disclosure information and any necessary supporting documentation. Without proper documentation, your request for amnesty may be delayed or declined.
Toronto area Tax 911 Now tax amnesty agents are experts in getting you amnesty for your personal or business income taxes, GST/HST and charges due and owing under the Income Tax Act. Voluntary disclosure becomes effective on the day that Tax 911 Now amnesty agents contact the CRA on your behalf. A partial disclosure of information is sufficient to establish an effective disclosure date, but you may still be subject to penalties and prosecution for the undisclosed portion of your tax obligations if the undisclosed amount is considered to be substantial. There must be some agreement with the CRA regarding when the undisclosed information will be provided.
Contact tax amnesty agent now before it is too late.
If you are in the Toronto area or other areas across Canada, such as Calgary, Vancouver, etc. and have outstanding tax obligations, you need to contact Tax 911 Now and set up a time to speak with one of our dedicated tax amnesty agents before the government becomes aware of your tax delinquency. That is not to say that you will have no financial responsibility under tax amnesty. You will still be responsible to pay any outstanding taxes owed as well as any applicable interest assessed on the delinquent tax amount at the time of the disclosure. No late filing penalty will be assessed. What you will be given amnesty for is late filing penalties, civil penalties and prosecution. In some cases, a reduction in the assessed interest may be negotiated. The only exception is if it is voluntarily disclosed that you failed to file your return, as opposed to under-reporting income or misappropriating funds on a filed return, you will only be responsible to pay the tax amount owed for that filing.
You should be prepared to pay your tax obligation, although decreased, in full immediately or request that your Tax 911 Now tax amnesty agent engage you in an affordable payment arrangement. Tax 911 Now agents are expert negotiators who will assess your finances and negotiate the most affordable payment schedule based on your financial situation. Scheduled payments may then be paid directly to the CRA.
If you are located in Toronto, the York Region, the Durham Region or other regions across Canada, call and talk to one of our dedicated and professional tax amnesty agents. Call Tax 911 Now team at 1-877-918-2991.