Canadian Tax News. Learn how to stay tax compliant.
Cawston and Associates discuss Canadian tax laws related to director’s liability, trust debts such as GST and payroll tax, and more.
Alberta Personal Bankruptcy on the Rise To our fellow Albertans: Cawston and Associates Inc. is a family company. Our family was born and raised in Alberta. During the past 40 years in Alberta we have seen our share of the boom and bust cycle related to the price of oil and other economic factors. From …
Canada Revenue Agency can block tax evaders from crossing the border A recent CBC article points out that tax evaders may find it more difficult to cross the border. This is designed as a deterrent for people participating in off-shore tax havens. However, we have seen cases where good people get lumped in with tax …
CRA Tax Scam Alert There never seems to be a shortage of con artists and scammers looking for a quick buck. The last few years have seen multiple groups operating across Canada as phony CRA agents trying to trick people in to paying non-existent tax penalties. This past June, a Kelowna news paper covered the …
Alberta Government Bill 6 and the Family Farm Our Firm believes that Bill 6 will pass. The provincial government has done a poor job in explaining the most crucial details in this Bill. We believe that farmers care deeply for all the individuals, paid or otherwise, that work hard to provide food for all …
Natural Person / No Tax / Detax / Tax Schemes In our industry we call these people tax protestors. Typically they can be found making arguments like “I’m not a person as defined by the Income Tax Act and therefore I am not subject to taxes”. These arguments have been routinely and consistently rejected by …
Calgary Restaurants May Face More CRA Audits The CRA currently has a project focusing on cash driven restaurants particularly those in the Asian community. Those restaurants that pay cash for their supplies and food product are at an even higher risk of being selected for an audit. If you are a restaurant owner who is …
CRA PROJECT ALERT – Zapper Software Recently the federal government has brought in a program to crack down on Electronic Suppression of Sales Software sometime known as Zapper Programs. The fines and penalties for using or owing this software are up to $500,000.00 and imprisonment. CRA has become more sophisticated at identifying business that …
Keep your Tax Options Open with the CRA The most common thing we tell our clients during our first meeting is “I wish you had come see us a year ago.” Most of our clients who have serious tax problems, had simple tax problems a year or two ago. Whether it is procrastination, anxiety, or …
Were You Mailed a Statement of Financial Position from the CRA? The following Statement of Financial Position was mailed by the Canada Revenue Agency to some individual tax payers and some business owners. If you receive one of these forms call us immediately. It may be a part of your income and expense statement. We …
Were You Mailed a Statement of Financial Position from the CRA? Read More »
Canada Tax Fraud Investigation Were you involved with Nascorp or its group of companies run by Neil Smith? Were your taxes withheld but not paid to the Canada Revenue Agency? We currently represent several individuals who are in a similar situation. Every situation is different but we may be able to help you. Contact us …