Will CRA Make a Settlement to Reduce My Tax Debt?

When you are facing the harsh reality of a tax debt, you may be wondering whether the Canada Revenue Agency (CRA) will accept a settlement to reduce your tax debt. CRA does have programs where, if you qualify, CRA may cancel interest and penalties – but CRA does...

How to Make a CRA Payment Plan

Most people don’t set out to not pay their taxes. Disputes with CRA, financial problems, issues with businesses, etc. are all reasons why people end up with a tax debt that they have not and cannot pay in full immediately. If you have been contacted by the Canada...

Does Tax Amnesty in Canada Really Exist?

When you file your taxes on time, accurately, every year, you likely don’t suffer from the stress that tax compliance issues can bring. However, if you are one of the many Canadians that fall behind filing or find expenses or donations disallowed resulting in large...

What is a Notional Assessment or a CRA Tax Assessment?

With the Canadian income tax deadline behind us, those who, for whatever reason, chose not to file this year (or any past year) may be thinking that it is too late and that there is no real urgency to file now. Many people don’t file their annual tax returns because...