Canadian Tax News. Learn how to stay tax compliant.
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 …
Wendy Cawston, former Canadian Income Tax Auditor and Financial Specialist has joined the firm. She brings a great deal of tax experience and tax debt financing solutions.
2013 FEDERAL BUDGET In the recent budget (2013) the Federal Government has proposed new legislation to find and prosecute individuals who have failed to report ALL of their income or disclose their foreign assets (liquid or otherwise). Part of this legislation is to extend the amount of time that the Canada Revenue Agency has to …
A message from Calgary Tax Accountants and Consultants, Cawston & Associates: Are you getting behind on your Payroll Source Deductions or GST? The Canada Revenue Agency considers these Trust Debts and has special powers to collect them. Contact us before the Canada Revenue Agency takes action against you.