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Blogs tagged with Tax solutions Canada

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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Banking on CRA Debt Forgiveness? You’ll be Disappointed

A few months ago we reported on the most recent report on the Canada Revenue Agency’s Voluntary Disclosure Program. This week, with the tax filing deadline just weeks away, we thought we’d revisit this issue in the hopes of offering those of you fearful of a tax audit some assistance.…

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Tax Filing Deadline Approaching – CRA Penalties and Interest

The tax filing deadline is fast approaching, and for many Canadians that means a tax debt that can eat into your savings account. For most, a tax debt and the resulting CRA penalties and interest are a pain, but that doesn’t stop them from accumulating. To help those who are…

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Tax Audit Triggers – How Your Behaviour May Lead to Problems

The dreaded CRA tax audit – a reality that most never want to have to deal with – and most won’t have to. However, every year the CRA conducts thousands of audits, some chosen at random, but most selected based on information provided (or not provided) by you, the taxpayer.…

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Failing to File: How This Could Lead to a Tax Evasion Charge

Each and every year, thousands of regular Canadians are prosecuted under the Income Tax Act, convicted of tax evasion and other tax-related offences, and find themselves in jail, sitting with hefty tax fines, or both. May of these are posted publicly on the CRA’s website. Don’t believe us? Here are…

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Beware of CRA Scams Getting Worse as Tax Season Approaches

We routinely blog about CRA scams in the hopes that those most vulnerable will be aware of the problem and be able to avoid it should it come to pass. This week we thought it prudent to do so again, especially since, as tax season approaches, CRA scams seem to…

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