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Blogs tagged with tax problems

Toronto Tax Lawyer Under Investigation by the Law Society of Upper Canada

The Toronto Star recently reported on a Toronto tax lawyer who is being investigated by the Law Society of Upper Canada. It is alleged that DioGuardi took money from six clients before doing “any or very little” work, failed to provide legal services “to the standard of a competent lawyer”…

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CRA Targeting the Middle Class

Yes folks, they are at it again! We routinely blog about CRA and the different groups that they target. This year alone CRA targets include condo flippers, those who operate POS (point of sale) terminals in their establishments, those who make charitable donations to certain identified charities and now it…

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Tax Evasion in Canada – Do People in Canada Actually Go to Jail for Tax Evasion?

We often hear about individuals in the US being prosecuted for tax evasion and being sentenced to hefty jail terms. Not filing tax returns and not declaring income is a crime in the USA – but is it in Canada? Do people actually go to jail in Canada for tax…

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Does the CRA Actually Prosecute People for Tax Evasion?

People often ask “does the CRA actually prosecute people for tax evasion.” Scarily, it happens all the time and convictions are actually posted on the CRA website. Here is a great example of a man who owned a viable business and let his tax problem get out of control, resulting…

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Tax Slips – The CRA Knows More Than You Think

Every time you receive a tax slip, the issuer sends a copy to Canada Revenue Agency (CRA).  So just because you don’t report your income, whether it was taxed or not, does not mean that the CRA is not aware of it. These tax slips are issued for employment income,…

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Beware – the CRA Snitch Line is Not a Myth

The tax deadline is behind us, and even though you may have filed your returns online, there is always a chance that you incorrectly claimed expenses or miscalculated earnings. These can be remedied through various tax solutions like the Voluntary Disclosure Program, which, for example, allows you to amend and…

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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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