Tag Archives: Tax Filing

Canadian corporation tax filing – Residence And Non-residence Corporations

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

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

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

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