Many of us have been there – staring at that brown envelope from the CRA which you know contains an assessment detailing the tax debt that you are now expected to pay. Earlier in February, our very own Director of Tax Solutions James Bell spoke to Ask the Expert’s Iain Grant about what to do when a tax debt is hanging over your head.
Ignoring those CRA requirements to pay is never a good idea. Instead, dealing with the situation as soon as possible is the best way to achieve an effective resolution. This may include voluntary disclosure, a tax amnesty program, an application for tax relief, or a negotiated debt repayment plan.
Have a question? Check out James’ interview – you may just find the answers: https://soundcloud.com/ask-the-experts/february-6-2016-tax-solutions-canada.
Tax Solutions Canada is a CRA dispute resolutions specialist company. We are here to help. Call us today for a consultation: 1-888-868-1400.