Owe Back Taxes? Negotiating Tax Arrears with the CRA

Back taxes are taxes that were not paid in the year in which they were due. For example, taxes that are due in 2015 but are not paid in 2015 are considered “back taxes.” This situation is also called “being in arrears.” Unpaid taxes can be a serious problem for those...

Penalties for Missing the 2013 Income Tax Deadline

Missed the 2013 tax deadline to file your 2012 tax returns? Then you should read this blog as it will give you a high level overview of penalties and interest that you could be facing once you file. First time offender The late filing penalty for taxes owed for 2012...