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Facing back taxes and need a solution?

If you're facing back taxes and a growing CRA tax debt, Farber Tax can help. Contact us today.

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1-888-868-1400

Solve Your Tax Problem

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Facing back taxes and need a solution?

 

Whether you:

  • Fear back taxes because of past due tax returns
  • Owe back tax because of a past  tax return(s) and don’t know how to catch up
  • Are facing collection and enforcement action because of back taxes

 

We will stand  between you and CRA, negotiate on your behalf and look for ways to avoid/reduce/eliminate penalties and interest associated to your back taxes. Trust our experienced tax team to get you results!

Do your back taxes relate to returns you haven’t filed yet?

CRA Penalties for Late Filing

 

  • The CRA late filing penalty is 5% of your 2012 back tax, plus 1% per month for up to 12 months.
  • If there was a CRA late filing penalty applied on your 2009, 2010 or 2011 back taxes, then the penalty for filing taxes late may be increased from 5% to 10% and then 2% per month for up to 20 months.

 

Do not turn your late filing from a tax problem into a criminal problem. Do not make matters worse by delaying. You don’t have to have every bit of information perfect to start protecting yourself and minimizing damages. See the professionals who can help.

Now that you know what happens if you file your taxes late in Canada, you are probably wondering how to file taxes late? Filing taxes late in Canada the right way is crucial. Your behaviour can trigger an audit and it is always a good idea when filing back taxes late in Canada to hire professional representation to deal with the Canada Revenue Agency and ensure that all of your returns are professionally prepared.

The sooner you file your late returns, the sooner you can stop CRA penalties and interest from accumulating on your back tax and stop potentially larger legal problems from occurring. Contact Tax Solutions Canada for a free consultation and to begin the process of dealing with your back taxes and ending your tax problem.

Farber Tax Solutions can help you successfully deal with CRA problems. We utilize the experience of our tax experts to:

  • 1| Offer a comprehensive solution that is focused on achieving the most favourable possible outcome for your tax issue;
  • 2| Communicate with the CRA on your behalf and navigate the entire CRA dispute process; and
  • 3| Offer a complete solution to your tax problems, including ex-CRA professionals, lawyers, and experienced accountants.