It’s good to know your options and one resource to help you learn is our blog.
August 21, 2020
Think transferring your home to someone else will protect it from a tax debt? Think again! That debt will just be transferred. Protect your home from CRA – Contact Farber Tax Solutions. Can Transferring Your Home to Someone Else’s Name Protect It From The CRA? The stress you feel when you owe money to the […]
August 21, 2020
Want to know more about filing an application for Remission Orders? We can help you. Contact Farber Tax Solutions. What is a Remission Order? Taxpayers who have exhausted all available avenues of relief from a tax liability potentially have one last remedy for hope: an application for a remission order. Today’s blog is dedicated to […]
August 21, 2020
The CRA is tough to negotiate with and has strong collection powers. We can help you. Contact Farber Tax Solutions. Negotiating with the CRA If you owe tax debt and the Canada Revenue Agency (CRA) comes calling, the best step is to pay what you owe in full. The CRA will not forget about you. […]
August 21, 2020
Explaining the difference between tax fraud/tax evasion and tax avoidance, and what you can do about these issues. Understanding Tax Fraud in Canada Tax fraud is purposely failing to disclose income in order to evade taxes or qualify for government-funded social benefits. Tax fraud can come in many forms. Not declaring income from record-free cash […]
August 21, 2020
A CRA Input Tax Credit (the “ITC”) is the sum or the allowable portion of the GST or HST paid on business-related expenses. If your business wishes to claim an ITC, it’s important to track all GST/HST paid on business-related purchases or business-related expenses. What Are Input Tax Credits (GST Canada)? A CRA Input Tax […]
August 21, 2020
A Notice of Objection can be your best recourse If you believe you’ve been assessed incorrectly by the CRA. Filling a CRA Notice of Objection can be complex and needs to be treated with care. Its important to know everything you can about filing a Notice of Objection. It’s even better to work with a […]
August 21, 2020
If you made a mistake on an old tax return or did not file when you should have, the CRA Voluntary Disclosure Program (VDP) could be a good option for you to avoid interest and penalties. What is CRA Voluntary Disclosure & When is it Useful?? If you have made errors on prior year tax […]
August 13, 2020
The CRA has the power to cancel penalties, interest and more under the Taxpayer Relief Program. Contact Farber Tax to learn more. What is Taxpayer Relief? If you don’t pay your tax debt on time, the Canada Revenue Agency (CRA) begins to charge daily compound interest on the outstanding amount. Even if you make a […]
August 05, 2020
By Felix Wu, Associate and Milosz Zak, Associate, Farber Tax Law In the recent Federal Court of Appeal decision of Guy Laliberté v Her Majesty the Queen, 2020 FCA 97,1 the lines between the proper allocation of personal benefits versus properly incurred business expenses was again drawn clear in the realm of tax law. While the case involved exorbitant […]
July 30, 2020
What is a Tax Lawyer? A tax lawyer is a legal professional who specializes in tax law. These professionals graduate from accredited law schools, have extensively studied tax law, and have significant experience in tax law. In Canada, this means that a tax lawyer has complete awareness of the Canadian legal system as well as […]