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It is not uncommon for most people to just receive their notice of assessment after filing their taxes and just accepting them as being totally accurate. The figures may be different than what you submitted concerning the tax return, but you just assume that the tax people are right and you are wrong. …
Nobody likes to do taxes, but even more so nobody likes to be contacted by the CRA either. This type of contact can come either by telephone, or by mail. It doesn’t always mean that you are in tax trouble, so there is no need to panic. It also doesn’t work well to simply try…
One of the problems that a lot of people run into is not filing their taxes on time because they know they are going to owe money to the Canada tax department. Some simply do not have the extra cash at the tax deadline, so they just don’t file. The CRA doesn’t recommend this and…
A lot of people have been feeling the pinch financially with the economy the way it is, and as a result have been forced to look for other ways to pad their income so they can make ends meet. For some it has meant renting out part of their residence just to help cover the…
Just when you thought that you were pretty well up to date with what is going on with the CRA and how it relates to you for your tax filing, another big tax topic hits the news. You as a tax payer are hoping it has nothing to do with you, but still you are…
Filing your taxes is your responsibility and this means that you need to gather all of the pertinent information that is going to relate to your taxes. This often means that you need to look at the other family members and how they have any bearing on your tax filing. Many of us live…
Being out of country and enjoying the sunny weather while Canada is still battling what winter has to throw at her, and especially during tax season, certainly is a nice thought. In fact, it is easy to forget about the snow and the tax filings that will soon be due. However, even if you…
Usually if you are going to hire an expert to perform any type of service there has to be a good reason why you need the type of services they offer. This is no different when it comes to a tax accountant. In fact, you may not realize just how important it is to utilize…
