Beware the CRA is Back Collecting. The Covid Honeymoon is Over. The CRA is back collecting with a vengeance. We are getting many frantic people having their bank accounts frozen and all the funds taken by the CRA. Their pay cheques or accounts receivables garnished. Your rent, mortgage or payroll is due. What should you …
Beware the CRA is Back Collecting. The Covid Honeymoon is Over. Read More »
CRA Activities We Noted for February 2021 We have heard time and time again that the Canada Revenue Agency is still open and providing services to Canadians during the pandemic. While this is true, the level of service and the timeliness of the Canada Revenue Agency has gotten significantly worse. As qualified tax practitioners we …
Status of the Canada Revenue Agency as of February 2021 Read More »
New CRA Rules and Advice for 2016 2017 Canada Revenue Agency Email and Phone Scams – There are multiple criminal organizations and individuals human-voice and robo calling Canadians impersonating a Canada Revenue Agency agent. These fake agents are requesting money or personal information. If you receive such an email or phone call, hang up without …
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 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 »