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Tax Solutions Canada Blog

Tax Avoidance in Canada vs Tax Evasion

What’s the Difference Between Tax Avoidance and Tax Evasion? The Canada Revenue Agency (CRA) expects people to file their tax returns every year and to pay any tax debt that they owe. Failing to do so can get you into some serious trouble. When it comes to tax evasion and…

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Making Payment Plans for CRA Collections

Paying your Income Taxes through a Payment Plan There are many different reasons why someone could end up owing a lot of money to the Canada Revenue Agency (CRA). You might have forgotten to declare some income, you might have been unable to pay your taxes in previous years, or…

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New Housing Rebate and New Residential Rental Property Rebate Audit Triggers?

  In recent years, the federal government has provided Canadians with access to significant rebates in relation to real estate. Rebates for energy-efficiency upgrades, for building a new home, even for home renovations, are available for residents looking to recoup some of their costs. However, some of these are also…

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VDP – Applying for the Voluntary Disclosures Program

If you’re sitting with the knowledge that you incorrectly made claims on your income tax filing, or know that you haven’t filed but should have, this knowledge is probably causing you some stress. In cases such as this, the government provides access to certain avenues to correct inaccuracies or amend…

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Tax Collector Has Contacted You – Now What?

With the tax deadline now behind us, those Canadians who received a Notice of Assessment outlining a tax debt may be a bit stressed about what’s to come. When you owe money to the Canada Revenue Agency (CRA), as with any other creditor, you can bank on them coming to…

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Need Taxpayer Relief? CRA Actions Could be Your Grounds

If you’ve been assessed a tax debt, and penalties and interest have been applied to this debt, you’re probably feeling overwhelmed and unsure about how to approach the situation. The Taxpayer Relief Program is one that gives the CRA the ability to grant relief from penalties or interest on a…

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Notice of Objection: Your Chance to Appeal

The tax filing deadline is behind us and that means that your Notice of Assessment is probably going to arrive shortly (if you haven’t already received it). If you have, but believe that it is incorrect, you may want to consider filing a Notice of Objection with the Canada Revenue…

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Proposed Changes to Voluntary Disclosures Program Will Make it More Demanding

If you know that you’ve made a mistake on a return, made incorrect claims, or haven’t filed in years, the Voluntary Disclosures Program (VDP) may be an important resource for correction and protection. It gives you a chance to revise a tax return you have already filed or file a…

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Global Learning and Gifting Initiative Update

Each and every year, Canadians donate hundreds of thousands of dollars to various charities to assist come tax time. This strategy can help reduce assessed monies owed and level out overall income. However, as we’ve seen with the Global Learning and Gifting Initiate, sometimes those charities are less than reputable…

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Tax Law News: The Panama Papers and Voluntary Disclosure

It has now been over a year since the Panama Papers were leaked and hundreds of Canadian taxpayers were named, their tax avoidance schemes exposed. Since that time, tired of the criticism of being soft on tax crime, the Canada Revenue Agency has stepped up their efforts to catch those…

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