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Author: Fraser Simpson

Same Day Action.  Your Quick Solution & Result. Expert help to Minimise Your Tax Risks Eliminate Late Filing Penalty & Interest Simple & Affordable Flat Fees Get Help Anytime 24/7 - Free consultation  Voluntary Disclosure - New Rules Payment of taxes past due The taxpayer must include payment...

Did you get a bonus? The Canada Revenue Agency (CRA) did for $35,000. Five things you can do right now to get YOUR bonus.   CRA's top executives pocketed an average of $35,000 in performance pay for 2017! Ever try to call the CRA? Performance is not...

A payment arrangement is an agreement you make with the CRA. It allows you to make smaller payments over time until you have paid your entire debt including applicable interest. Before you make a payment arrangement, you may need to show that you have tried to...

Understanding a CRA Notice of Assessment You will receive a Notice of Assessment when the Canada Revenue Agency (CRA) receives and processes your tax return (or if the CRA files your return for you-called a notional assessment or arbitrary assessment). The information listed on the Notice of...

If you drove for a ride-hailing service like Uber or rented your home through Airbnb last year to earn extra income, that needs to be reported come tax time. However, the good news is that you can deduct related expenses; In a simple context, anything that you...

For most Canadians filing taxes on time is a must. But sometimes life throws you a curve ball, or two. That means a tax debt that can eat into your savings account. For most, a tax debt and the resulting CRA penalties and interest are...

Special audits have confirmed the pervasiveness of tax evaders in the construction industry, and the CRA is cracking down The Canada Revenue Agency’s continuing campaign against the underground economy has come to roost in small-town Canada, where special audits have confirmed the pervasiveness of tax evaders...

From April 1, 2012 to March 31, 2017, the CRA convicted 408 individuals and businesses. This involved approximately $122 million in federal tax evaded and court sentences totaling $44 million in court fines, and 3103 months in jail. Between 2006 and 2017, 75 tax scheme promoters...

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