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Blogs posted during January 2016

Owe Back Taxes? Negotiating Tax Arrears with the CRA

Back taxes are taxes that were not paid in the year in which they were due. For example, taxes that are due in 2015 but are not paid in 2015 are considered “back taxes.” This situation is also called “being in arrears.” Unpaid taxes can be a serious problem for…

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TSC’s James Bell Talks Tax Problems with Ian Grant on Ask the Expert

If you are losing sleep or feeling stressed about your tax situation, check out James Bell’s talk with Ian Grant on Ask the Expert. Listen and see just how Tax Solutions Canada can help you resolve your tax problem. Call today: 1-888-868-1400.        

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CRA Reassessment: How Far Back Can It Go?

One of the most common questions we receive about a CRA reassessment is “How far back can the CRA reassess me?” Many people worry about a CRA reassessment coming years and years after they’ve filed a return, leaving them struggling to remember financial details from years ago. The good news…

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Extending the deadline to file a CRA Notice of Objection

A CRA Notice of Objection is a way to indicate to the Canada Revenue Agency that you disagree with the Agency’s assessment of your tax return. A CRA Notice of Objection is filed after you receive your notice of assessment. You can begin the formal objection process by filing a…

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CRA Books and Records Retention Policy – The Cost of Not Keeping Your Books

This is just a quick reminder, with the beginning of the new year, that the Canada Revenue Agency Books and Retention Policy requires, in most cases, that you keep all records and supporting documents related to determining your tax obligations and credits for a period no less than six years…

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Bookkeeping Basics: Record Keeping for Tax Purposes

When it comes to bookkeeping basics, it’s important to focus on tax time all year round. One of the best bookkeeping basics and overall accounting tips is that it pays to always be thinking about taxes. Even if you’re far away from having to actually complete your tax return, preparing…

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