Late Tax Filings & Tax Consulting Specialist

There is a program with the Canada Revenue Agency that allows taxpayers to “come clean” and correct any omitted or incorrect tax information. In certain situations, you can avoid prosecution and interest and penalties.

It is possible to obtain monetary relief from penalties and interest related to your taxes. In s. 220(3.1) of the Income Tax Act, the Minister of National Revenue is given the ability to waive or cancel all or any portion of any penalty or interest that would otherwise be payable by the taxpayer.

Unfiled payroll remittances (Regulation 102) can cause serious back tax problems and be very costly to rectify. Employers are required to withhold and remit withholding taxes for each of their employees unless a waiver of withholding tax has been issued.

Need to adjust Your Tax Return? Missed something on your tax return? There is an avenue made available by the CRA to allow you to correct your tax return.

If the withholding requirements of Regulation 105 are not met, the employer is responsible for any monies not collected and it becomes a back tax issue for the employer.

GST and HST returns can be complicated. Given the business-specific fiscal years, varying reporting periods and dynamic due dates, late payments can occur. Interest and penalties can be severe.

Unfiled personal tax, corporate / business tax and HST/GST returns? Avoid possibly severe interest and penalties. We can help with your back taxes in a stress free enviroment and save.

Too busy for bookkeeping paperwork? CRA has a requirement to keep books and records. CRA can request that the taxpayer keep records for longer than six years. We can help you keep your books and records in order and minimise the business taxes you pay.

After all your tax returns have been filed, and CRA has stopped the tax garnishments, you will have to pay your back tax balance. CRA can be harsh at times; however, they do allow back tax payment plans.

If you have filed your tax return and have been assessed interest and penalties that are unfair, there may be some tax relief. CRA has the ability to waive or cancel back tax interest and back tax penalties in certain situations.

If you receive a notice of assessment and you disagree with the tax calculation, we can help you file a notice of objection. You will need to file the notice of objection by the later of 90 days from the notice of assessment or one year from the due date of the tax return.

All corporations, non-profit, tax exempt and inactive corporations, have to file a tax return EACH year even if there is no tax payable! It is a criminal offense not to file. A non-resident corporation has to file a T2 return if, at any time in the year, it carried on business in Canada, it had a taxable capital gain, or, in some cases, it disposed of taxable Canadian property.

Small businesses are more likely to get audited because they have discretion in income reporting and expense claims. We will help our clients with corporate tax audits to help them understand and exercise their right so that they only pay the taxes you owed, not all the ones CRA asks for.

Many Canadians don’t give much thought to how they can reduce their taxes. Most Canadians simply file their tax returns at year end and this is it. However, it is the tax planning throughout the year that saves you money. Waiting until April, when you are doing your tax return, is not advisable, it is too late to do effective tax planning because the year has past.

GST and HST returns can be complicated. Going through a GST/HST audit from the CRA can be incredibly stressful, time consuming, and can end up being very costly. We have years of experience helping companies navigate the CRA audit process.

Busy operating your business? Who has time for paperwork? Rather be operating your business and making money, right? Focus on your business and let us focus on your bookkeeping and tax accounting needs.