Can You Negotiate with the Canada Revenue Agency?

Negotiating with the CRA If you owe tax debt and the Canada Revenue Agency (CRA) comes calling, the best step is to pay what you owe in full. The CRA will not forget about you. It may not have contacted you until this point but, now that it has, this is an issue that...

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What is “Tax Fraud”?

Understanding Tax Fraud in Canada Tax fraud is purposely failing to disclose income in order to evade taxes or qualify for government-funded social benefits. Tax fraud can come in many forms. Not declaring income from record-free cash transactions can be consider tax...

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The CRA’s Collection Power

How the Canada Revenue Agency Collects Tax Debt If you owe tax money to the Canada Revenue Agency (CRA), you may consider it like any other debt, such credit card debt or a car loan. However, it’s important to know that the CRA has collection powers that are much...

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Have you Contributed to a Tax Shelter?

What is a Tax Shelter? According to the Canada Revenue Agency (CRA) a tax shelter, as defined by the Income Tax Act, is a property investment or gifting arrangement where “the buyer or donor will have losses, deductions, or credits equal to or greater than the net...

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Tips for Dealing with Tax Debt

How to Handle CRA Tax Debt Tax debt can be very difficult to deal with. Not only can a tax bill get very large, but the Canada Revenue Agency (CRA) has very broad and very strong powers that allow it to take steps to collect. If you do not pay your tax debt on time,...

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Tax Avoidance in Canada vs Tax Evasion

What’s the Difference Between Tax Avoidance and Tax Evasion? The Canada Revenue Agency (CRA) expects people to file their tax returns every year and to pay any tax debt that they owe. Failing to do so can get you into some serious trouble. When it comes to tax evasion...

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Making Payment Plans for CRA Collections

Paying your Income Taxes through a Payment Plan There are many different reasons why someone could end up owing a lot of money to the Canada Revenue Agency (CRA). You might have forgotten to declare some income, you might have been unable to pay your taxes in previous...

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