The CRA uses crippling penalties and interest to punish taxpayers who file tax returns late, make mistakes on tax returns, etc. If you are in this situation then you know that these penalties and interest can sometimes double and even triple the size of your tax debt, ultimately making it impossible to repay.
Through a request for taxpayer relief you can make arguments as to why the CRA should forgive some or all of the penalties and interest with regard to your tax debt. CRA debt forgiveness doesn’t include reducing your tax principal but it can result in the complete elimination of penalties and interest.
Some reasons the CRA grants taxpayer relief:
Wondering if you qualify for CRA debt forgiveness through a request for taxpayer relief? Book a free consultation with our team today. We routinely prepare successful Taxpayer Relief Applications for our clients across Canada.
We offer you a free initial consultation which you can book by completing our contact form, calling 1-888-868-1400 or emailing firstname.lastname@example.org to set up a phone consultation or in-person meeting today!