CALL NOW FOR CONSULTATION!
416-398-1700
Nobody really likes to have to deal with the CRA outside of submitting their taxes once a year, then reviewing their assessment and hoping that all is in order until the next tax year rolls around. In some cases though, it is not that simple. It is not unusual for tax payers do not agree with their…
If you have ever had to deal with the CRA especially by telephone it can become one of the most frustrating telephone calls you may have ever made. First you have to determine if you are calling about a business or personal account. There are specific departments for each of these. Most often the average…
Building a business is not something that is done overnight and any long standing business owner will most likely tell you that their business demanded many years of their time over the years. Often small business owners begin their business with the hopes of it becoming a family business that will thrive and be able…
You finished your taxes for the year, got them in on time, received your assessment and figure that’s the end of this for another year. Some people, don’t even bother to read their assessment, which could end up getting them into tax problems. Even if you sent in any tax that you determined that…
Many businesses big or small tend to extend credit to their customers. They may allow anywhere between 30 to 90 days to pay their invoices. At times this doesn’t work well because the odd customer ends up not paying. So what type of tax situation does that create for the business owner? The CRA has…
There are a lot of different reasons that people go into business for themselves. Some are aspiring to start a small business with the hopes that it will grow big enough to meet their financial needs and provide them with the type of lifestyle they are looking for. Others have no real intention…
A while back there was a lot of talk about the CRA clamping down on charities as there were indications that this particular tax break was being abused. So what is happening recently with this issue? Many people are concerned about the charities they are contributing to because they want their donations to be…
Owing money to the tax department is not a pleasant situation to be in, however there are many that do find themselves in this predicament. There can be a number of reasons as to why this has happened but one thing is for sure and that is the CRA will do whatever is necessary…
