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Blogs tagged with taxpayer relief

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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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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Getting to Know the Taxpayer Relief Program

When it comes to the Canada Revenue Agency and your income tax responsibilities as a Canadian, it continues to astound us how many myths exist with regard to the system and how it works. Unfortunately, far too many Canadians operate under the assumption that tax amnesty exists in Canada, an…

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CRA Taxpayer Relief: How to Reduce Interest and Penalties

The Canada Revenue Agency has, over the last few years in particular, received a less than stellar reputation for apathy and indifference when it comes to those taxpayers unable to meet tax obligations in a variety of circumstances. While it is true that the CRA won’t negotiate to reduce an…

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Everything You Need to Know About Asking CRA for Taxpayer Relief

When the Canada Revenue Agency (CRA) assesses you with interest and penalties, it is their procedure that they apply to every late payment and return. As can be expected, this broadly applied rule is often unfair to the taxpayer. CRA, despite their reputation as very aggressive and difficult to deal…

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Is Having a Charitable Donation the Same as Participating in a Tax Shelter?

Is having a charitable donation the same as participating in a tax shelter? It’s a question that thousands of Canadians ask each year when they find their charitable donations called into question by CRA. Having your charitable donations come into question can happen at the time that you file your…

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GLGI Update: Current State of the Global Learning and Gifting and Initiative

Canadian taxpayers have been using donation tax shelters to both give back to those less fortunate and also reduce the high taxes that we pay in Canada. Many years after well-respected law firms and accounting firms endorsed specific plans and after CRA had assessed them as allowing the deductions and…

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How to File Late Income Tax Returns and Avoid Interest Penalties

So you have fallen behind filing your income tax return – now what? That depends on whether or not you will owe money. If the government will owe you money, go ahead and file your late returns. Note though that if you are a small business owner and your past…

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People Actually Get Approved for Taxpayer Relief?

If you have been hit with heavy-handed penalties and interest from CRA you are likely thinking about how to get relief. CRA offers a Taxpayer Relief program where, under extraordinary circumstances, CRA may cancel or withdraw penalties and interest associated with a tax debt. We are often asked if people…

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CRA Taking Too Long to Respond? Could Be Your Ace in the Hole to Qualify for Taxpayer Relief

The Taxpayer Relief provision is a program that CRA offers to people who want to apply to have all or some of the penalties and interest associated to a tax debt removed. Generally speaking you may qualify for Taxpayer Relief if: You have endured extreme financial hardship There has been…

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