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Tax Solutions Canada Blog

Why You Should File Your Taxes Even If You Have Missed The CRA Tax Deadline

This is the time of year when many Canadians, especially small business owners, find themselves scrambling to get themselves organized for the CRA tax deadline. As long as you are scrambling, it is a good sign because it means that you are committed to getting your taxes filed by the…

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How Can I Get Taxpayer Relief?

If you have a tax debt then there is no doubt that you have thought about how you can get taxpayer relief (in other words treated fairly by CRA [Canada Revenue Agency] in a way that you can do the right thing and survive). There are different ways to get…

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What is a CRA Requirement to Pay?

A CRA Requirement to Pay is a very powerful enforcement action that the CRA uses to collect a tax debt or to motivate a taxpayer to file a past due return. With no advance warning to you, the CRA sends a Requirement to Pay Notice to any of the following…

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The 2012 Canadian Tax Deadline is Quickly Approaching – Are You Ready?

The 2012 Canadian income tax filing deadline is almost here. April 2013 is the Canadian tax deadline for your 2012 personal income tax return. If you are operating a business in Canada the Canadian tax deadline for businesses is June 15th, 2013. But if you are going to owe taxes…

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How to Get Rid of CRA (Canada Revenue Agency) Interest and Penalties

Many, many Canadians struggle with tax debt, so if you are one of them, you are not alone. When you have a tax debt that resulted from a late tax filing(s) or a re-assessment of a misfiled return or taxes owed from an audit of a past return, CRA interest…

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How a Single Business Tax Audit Causes a Chain

Tax audits are very common in Canada and many wonder how they get triggered. Well, the CBC looked into it last year and reported some very interesting information. According to Canada’s top auditor, Michael Ferguson, the CRA tends to investigate those files which have a higher probability of a return…

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Failed to Declare an RRSP Withdrawal on a Past Tax Return?

Hundreds of thousands of Canadians have RRSPs. When life is good and people’s finances are stable, they will generally invest in RRSPs. RRSPs are attractive because they enable you to plan for retirement and offer excellent tax incentives. If you make an RRSP withdrawal from the financial institution holding your…

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How to Combat a CRA Garnishment

Thousands of Canadians have their wages garnisheed by the CRA (Canada Revenue Agency) each year. A CRA garnishment usually occurs when you owe a tax debt and do not have a payment plan with the CRA or if you are behind filing and the CRA has good reason to believe…

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