How do I settle taxes owing with the Canada Revenue Agency?
If any of these three situations apply to you, then you could be subject to significant financial penalties or, even worse, a criminal charge which could result in jail time:
• You have not filed tax returns in previous years
• Your tax return is more than 1 year past due
• You have unreported income in the current year's tax return or in the prior years' tax returns
Thankfully, there is a way to avoid such harsh consequences by engaging the services of a tax settlement company in Mississauga. A tax settlement (amnesty) company can help you settle your tax liability with the Canada Revenue Agency and avoid financial penalties and criminal charges.
This short video will explain how to settle taxes with the CRA using:
- Voluntary Disclosure Program
- Taxpayer Relief Provisions
About the Author -- Allan Madan -- Accountant Mississauga
Allan Madan is a Chartered Accountant and a Tax Accountant in the Mississauga, Oakville and Toronto areas of Ontario, Canada. He has assisted many clients with tax amnesty and settling their taxes with the CRA.
To learn more about Allan, please visit http://madanca.com
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