CRA can be backed off, but you have to know the game CRA can be backed off, but you have to know the game. CRA is used to getting their way by knowing how to play the tax game. The average small business does not know how the game is played. If you don’t know …
Grandpa and CRA Revenue Canada decides to audit Grandpa, and summons him to the Canada Revenue Agency office. The auditor was not surprised when Grandpa showed up with his attorney. The auditor said, ‘Well, sir, you have an extravagant lifestyle and no full-time employment, which you explain by saying that you win money gambling. I’m …
Will I be charged with Tax Evasion? The government just wants the most efficient way to get your money and you get punished with huge penalties anyway Probably not. The government just wants the most efficient way to get your money and you get punished with huge penalties anyway. So why take years to punish, …
SR&D Tax Credits have audit risks SR&D – Scientific Research and Development Tax Credits require audit ready bookkeeping Scientific Research and Development program is administered by CRA. This is like having a fox run a hen house. The Scientific Research & Experimental Development (SR&ED) Tax Incentive Program – federal tax incentive program, administered by the …
Tax Crisis Management The most important thing you need to know is that talking to CRA is asking to have what you say used against you CRA has a data management system where CRA Auditors record electronic notes that will be compared to whatever further information they collect from you. Understand that you are talking …
Statute Barred Years Are Important to Understand Statute Barred Years Important Information 3 Year Rule This whole issue around statute barred years seems to confound a lot of people, including the Canada Revenue Agency. Generally, CRA, often referred to as “The Minister” cannot reassess a taxation year after the normal reassessment period of three years …
Tax Audit Solutions is a member in good standing in the Society of Professional Tax Representatives Canada Tax Audit Solutions is a member in good standing in the Society of Professional Tax Representatives Canada. As such we are obligated to contribute to the betterment of the Canadian Taxpayer both by contributing intellectual knowledge to the …
When CRA makes a settlement offer and wants you to sign a waiver. What should you do? When you receive a settlement offer from CRA it means that they know you are right and they know it is in their best interest to settle. They may or may not ask you to sign a waiver. …
RESEARCH ON THE DUTY AND CARE OF CRA TO THE PUBLIC TAXPAYERS OF CANADA. ACCOUNTABILITY? By Dan White, from personal observations of the real world of Canada Revenue Agency conduct on a daily basis. These are not isolated cases, my experience is from the run of the mill, bump and grind in the daily life …
CRA issues Requirements To Pay (RTP) as routine procedure CRA issues Requirements To Pay (RTP) as routine procedure. Bank accounts are being frozen across Canada, with complete disregard to whether it jeopardises CRA’s ability to get paid or not. They don’t care if Mothers can’t feed their babies. They don’t care that it damages the …