BEHIND IN FILING YOUR TAXES??? CRA HAS RELIEF PROVISIONS...

Since the 1990s, the taxpayer relief provisions of the various Acts administered by the Canada Revenue Agency (CRA) have enabled it to help taxpayers who, because of circumstances beyond their control, are unable to meet their tax obligations.

The CRA is aware that sometimes taxpayers may face unforeseen circumstances, which prevent them from meeting their tax obligations. These circumstances could be personal misfortunes (sickness, death in the family), natural disasters (fire, floods), service disruptions (postal strike), or an error by the CRA (incorrect information).

The CRA administers various legislations with taxpayer relief provisions that give the Minister of National Revenue discretion to:

• cancel or waive penalties and/or interest;
• accept certain late-filed, amended, or revoked elections (income tax only); and
• issue income tax refunds or reduce the amount payable beyond the normal three-year period (individuals and testamentary trusts only).

Let Cope, Barrett & co, Certified General Accountants help you to get on track and stay there.  Often interest and penalties cost far more than just getting the tax returns prepared by us, and the bonus to you is a good night's sleep and worry-free days.  Contact me today 613-962-2151 or 613-476-2150