Unit 20, 4216 54th Avenue SE
Calgary, Alberta T2C 2EC
(587) 717-7621
Here are some common problems we can help you with:
Dealing with the CRA can be confusing, intimidating, and time consuming. The CRA's job is to collect taxes, they will not look after your interests or help you minimize your taxes. WE WILL!
Deadlines to be aware of
Corporate Tax filings are due 6 months after your year end. Missing this deadline will cost you 5% + 1% per month that it is late to a maximum of 12 months (17%). If you are late a second time it will cost you 10% + 2% per month that you are late to a maximum of 20 months (50%). Keep in mind taxes due are due 3 months after your year-end. We know it is stupid, but it is the law.
GST filings are due 3 months after your year-end if you file annually. Quarterly returns are due one month after the quarter end. Being late will cause penalties to be applied.
Payroll remittances and filings are due 15 days after the month end to which they apply. Penalties will be applied for being late.
Did you know?
Tips for Dealing With CRA
Knowledge is power
You have rights that the CRA must respect. In fact the CRA posts them on their website. The problem is they just don't let you know where to find them, or promote that they exist. Check out the link below.
http://www.cra-arc.gc.ca/E/pub/tg/rc4417/README.html - Check out this new link
Now that you know what your rights are you can ensure that you are treated fairly. If you know your rights then you will be able to keep your cool and be calm even if presented with a difficult situation. Remember that these rights must be respected. However, this does not mean that you can ignore CRA or violate legislation.
You MUST:
Audit Tips
Ensure your documents and records are organized and easily accessible. CRA hate to wait
You have to provide reasonable access to your original documents, but you do not have give them to the CRA. We highly recommend that you do not let them take your originals. We do recommend that you give them photocopies. There have been instances of documents going missing at CRA and unfortunately this creates problems. Despite what CRA auditors may say, photocopies are acceptable so long as they are legible and contain all relevant information.
Ignorance is not bliss. Make sure you know who your auditor is, who their team leader is, get contact phone numbers for both. Document every date and time you talk to them or leave them a voicemail. Document the nature of the discussion. Document every letter or phone call you receive and note what they want, the time frame for providing it, and whether they are being reasonable.
Once the audit begins keep on top of the auditor. Ask about time frames, expected completion dates, and if they require any information not contained in that which they already have. That said be careful that you don't provide information that can be misunderstood or misinterpreted.
Once the audit is complete and they tell you that they have found adjustments (they will find something, guaranteed), get an explanation in writing as to why CRA thinks its wrong and their legislative basis. At this time if you have not done so already, get help. Depending on the amount of tax CRA want it is at least worth an hour of consulting time to make sure that they are right. Do Not just pay it.
IMPORTANT: If you disagree you have a limited amount of time to object and appeal. Get help and do it quickly. If you are late filing you may be out of luck.
Things CRA staff will not tell you
You have rights when dealing with CRA and the related legislation. These rights are published on the CRA website yet most auditors do not even know they exist, and the ones that do, don't advise you about their existence.
check out: http://www.cra-arc.gc.ca/E/pub/tg/rc4417/rc4417-09b.pdf - Taxpayer's Bill of Rights
The right to organize your tax affairs to pay the least amount of tax legally possible is enshrined in case law. The Duke of Westminster’s Case, holds that a taxpayer can legally arrange their affairs to minimize tax payable, regardless of motive. The caveat on using this case is that you can not violate the spirit or intent of the Tax Act. This case will not help you if you are in violation of G.A.A.R (General Anti Avoidance Rule) or if you are using tax avoidance schemes.
If you get reassessed (ie after an audit is completed) CRA's collection department will call you to try and collect the outstanding amount. Be polite (see tip #1 above). If you don't have the cash try to make payment arrangements. If you are going to appeal tell them you are appealing the decision and don't want to pay until the matter is settled (see below).
If you are appealing a reassessment you do not have to pay the amount that is in dispute until the matter is resolved. If you are contacted and asked to pay tell them you are appealing and that you will not pay until the issue is resolved in appeals or Tax Court.
CRA staff are NOT allowed to threaten you. They do have some legal powers that can be exercised (seizing bank accounts, garnisheeing wages), but these powers cannot be used indiscriminately or without allowing reasonable time for you to make arrangements. If you are ever threatened ("we will shut your business down if you don't pay", "we will put a lein on your house") get professional help immediately, so you can lodge a complaint.
CRA Contact Phone Numbers
Here are the contact numbers for CRA. These can be used by anyone to find out information about their taxes. You will need to be prepared to answer some security questions so that they can verify your identity. We suggest that you have your current Notice of Assessment with you so that you can answer questions about it should CRA ask. They quite often want to know what was on line 150 or what the amount of your refund or balance owing was.
Personal Tax Enquiries 1-800-959-8281
Corporate Tax Enquiries 1-800-959-5525
Tax Refunds Enquiries 1-800-959-1156
GST Refund Enquiries 1-800-959-1153
"Let us tip the scales in your favor"