Have A Dispute With The Canada Revenue Agency?

Tax payers have disputes with the Canada Revenue Agency all the time

. The problem is that if the CRA assesses or re-assesses you as having income and until the dispute is resolved, in most cases the CRA will pursue the money that they believe you owe.

Sometimes you may have claimed expenses or not declared income with the legitimate belief that it was okay. You may even be able to pay the tax debt in full, but out of principal, want to fight the CRA.

The CRA is the Federal Government with unlimited resources at their disposal. Here are some examples of what can happen if you are in the midst of a dispute where the CRA believes you owe them money and you are resisting.

1.Even if you have not filed your returns, the CRA can arbitrarily assess your income based on estimates.

2.The CRA may assess penalties and will assess interest on the amount owed.

3.The CRA will pursue the collection of the debt and could garnish your wages, freeze your bank account and place a lien on your home (just to name a few enforcement remedies).

It is hard to be objective when you are in the middle of a tax dispute with the government. The best thing to do if you are in this situation is to hire a professional to deal with it. You want to choose a professional organization that has a good reputation and record for resolving tax payer disputes.

There are steps you can take, while resolving your dispute that will keep the CRA happy and enable you to avoid enforcement action all together. With this said, as long as you are perceived as owing money, the CRA will want to collect it, which is why you do not want to attempt to negotiate with the CRA on your own.

by: Mark Feldstein, CA, Mark Feldstein and Associates

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