The Excise Tax Act offers the Canada Revenue Agency (CRA) and its tax collectors’ broad authority to recover tax obligations. Many taxpayers are surprised when their bank accounts are blocked, possessions confiscated, or paychecks garnished. However, there are precise and time-based constraints where the CRA can legally recover GST/HST tax obligation. Unlike most tax debts, […]
Category Archives: Blog
Explore our Oshawa tax consultants’ blogs for expert tax advice, tips, and accounting insights. Stay updated with the latest trends and strategies in tax services.
Section 85 rollover allows a Canadian taxpayer to transfer eligible property, deferring the tax to a taxable Canadian corporation. This means a taxpayer can defer part or all of the tax consequences that typically arise on the transfer, depending on objectives. Section 85 rollover applies to the following situations (and more): Estate planning Sole proprietors […]
Tax Problem Solutions More often than not, complex tax problems are unanticipated; not to mention, they are almost always without clarification or simple answers. The support of a competent tax professional can help you with feasible tax solutions, which could be your first step towards the best possible outcome. If you are seeking feasible, practical […]
Are You Facing One of The Following Tax Problems? Tax Audit Tax Arrears Problems Unreported Income Back Tax Demand to File Overdue Tax Debts CRA Tax Relief Late Tax Payroll Tax Arrears Unfair Income Garnishment Tax Reassessment Canadian Tax Relief CRA (Canada Revenue Agency) Taxpayer Relief Voluntary Disclosure Program or VDP Tax Amnesty or Tax […]
Professional tax representation is the best tool to combat CRA Agents The Canada Revenue Agency’s (short for CRA) agents can sometimes be very demanding and intimidating, especially while dealing directly with the tax payers. In fact, it would not be an exaggeration to say that they are the reason behind the sleepless nights of many […]