Your tax troubles are urgent and you have no time to read? Give us a call at 866.611.6482 or complete the contact form to book your Quick and Free meeting NOW! The Canada Revenue Agency does not automatically treat you fairly. There are times when you cannot help but file a CRA (Canada Revenue Agency) tax objection. It is your right to speak up when there is an obvious injustice. […]
No one is going to be happy when they hear that they are subject to tax audits, but knowing that there are people available to offer tax audit help will provide some comfort. It is easy to make mistakes and this can lead to issues with the CRA so making sure that you have all the information in place and the forms are correctly filled in will make life a […]
When you face a CRA tax audit, the best kind of tax audit help that you can get is in the preparation for the audit. It is not a good idea to go facing auditor alone unrepresented. It is like going into a battle unarmed and unprotected. An experienced tax consultant becomes your best defense against the unpredictable queries of a CRA auditor. More often than not, a CRA audit […]
Quite often you will be subject to a CRA audit because they feel there is a problem with the tax return you have filed. It does not mean there is a lot of trouble to come, but it will not always be easy and it will be hard to determine what has triggered the audit. It could be something very simple, so go through the account you put in and […]
When you are not paying your taxes on time and ignoring the notice letters from the CRA, you may find that your assets are seized for non-payment of overdue taxes. The first asset that will be affected is your bank account. The simplest reason for a CRA frozen bank account is to grab your attention. The CRA frozen bank account is not because of the amount of the tax dues […]
Voluntary disclosure program in Canada (or in short or VDP Canada) is administered by the CRA. It allows taxpayers to revise or amend their previous tax filing returns while revealing fresh information to the CRA that was not provided earlier in their tax returns. The purpose of VDP Canada is to make the taxpayers come clean and come forward on their own accord to correct their tax returns without the […]
For many individual taxpayers and small business enterprise owners in Canada, it is prudent to be prepared to deal with the CRA concerning tax disputes. Tax problems Canada are not easily manageable. You have to depend on professional tax help. Knowing a little basics of the process of tax disputes in Canada will help you understand your rights better when you have to deal with the CRA. The tax system […]
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 to write-off unpaid taxes though. You will be required to pay your CRA late filing […]
Effective March 1, 2018, CRA made changes on the Voluntary Disclosure Program or short for VDP, and the levels of penalty and interest relief available under the new VDP. Elimination of No-Name Disclosures Under the new VDP, a taxpayer is able to start preliminary discussions on a no-names basis with the CRA; however, the discussions will be non-binding in nature. The intention is to provide the taxpayer with preliminary […]
Do you work in Canada? The Canada Revenue Agency who is the administrator of income tax return Canada is interested in your taxable income. This is usually an amount that starts at fifteen percent of your gross pay. If you make more than four thousand dollars per year, your tax rate will be higher than fifteen percent. If you have just got a new job in Canada, you should know […]
To deal with Canadian tax evasion problems, although Canada Revenue Agency works hard and smart to collect taxes, there are still some individuals and businesses that evade taxes that cause Canadian tax evasion problems. The no-nonsense CRA tax collectors might catch up with you and you will hate their legal actions against you. Tax evasion is not the same thing as tax avoidance. Evasion occurs when a person or a […]
UNREPORTED FOREIGN INCOME: CRA’S TARGET In recent few years people with unreported foreign income noticed that new methods the CRA has developed to catch them. The Canada Revenue Agency has maximized enforcement on unreported foreign income to the CRA through its brand new Offshore Tax Informant Program in short OTIP. Mainly the CRA is after taxpayers who own foreign properties. The CRA wants to know the country in which your property is located. It […]
What tax troubles are you facing? If you are a Canadian tax payer who is confronted by the CRA collection agency, the Canada Revenue Agency, you require immediate help. There are thousands of businesses and individuals who do not know how to deal with their tax debts issues. The organizations that deal with tax troubles Canada can help stressed-out taxpayers to deal with those aggressive CRA agents. These organizations exist […]