Tag Archives: Tax Payment Plan

Setting up Tax Payment Plans with CRA

When the CRA processes your income tax return, it will send you a Notice of Assessment. This Notice of Assessment will show a tax balance that you owe to the CRA and it is possible that you may not be in a position to pay this amount immediately and in one lump sum. When you » Read More

Working out a Tax Payment Plan with CRA

If you are facing a tax audit or have a huge tax debt to settle with the CRA, you need professional help to work out a tax payment plan with CRA. Some people run into financial difficulties and do not put aside sufficient money to pay the year end taxes. They should be proactive and keep » Read More

CRA Tax Payment Plan Negotiation

When do you need a CRA Tax Payment Plan? When taxpayers owe taxes and the taxpayer ignores the tax debts, not only will they be putting themselves in serious trouble, but they will also see the amount of money that they owe rapidly increase due to daily compounding interest charges and penalties. The CRA has » Read More