It’s good to know your options and one resource to help you learn is our blog.
July 29, 2020
CRA Collections has very strong and very broad powers to collect money owed to them? CRA Collection powers include garnishing wages, freezing bank accounts, issuing liens and more. There are ways to deal with CRA collections. Often, its better to seek the help of a tax dispute professional such as Farber Tax. How the CRA […]
July 21, 2020
By Selena Ing, Associate and Boris Stanislav, Associate, Farber Tax Law In the recent Federal Court decision of Iris Technologies Inc. v Minister of National Revenue, the Applicant, Iris Technologies Inc. (“Iris Technologies”) sought a refund of $62.3 million remitted to the Minister of National Revenue (the “Minister”) pursuant to the Excise Tax Act (the “ETA”) for the periods between September […]
June 21, 2020
By Felix Wu, Associate and Andy Yip, Articling Student, Farber Tax Law Under Canada’s self-reporting tax system, taxpayers often assume that they are required to submit tax returns only when they earn income. However, it is important to note that unique circumstances may given rise to obligations in reporting and in tax even when an individual […]
March 24, 2020
Should I File My Income Taxes with the CRA Now or Wait? The situation with the coronavirus and the spread of COVID-19 has affected nearly everyone on earth. Unfortunately, the efforts to stop the spread of the virus have had a negative impact on many businesses and many people have lost their jobs either permanently […]
March 17, 2020
Tax credits on donations made to the GLGI were rejected by the CRA and taxpayers were sent reassessments which often resulted in incredibly large tax bills. Find out more on the GLGI case and what taxpayers can do.
December 11, 2019
Whether you are born in Canada or have recently moved here, you must report the foreign assets they own. If you have undeclared foreign income, the CRA will discover it and charge you tax and penalties. Farber Tax Solutions can help. Disclosure of Foreign Assets in Income Tax Return Filing Canadians – whether they are […]
June 24, 2019
Have a Lost Notice of Assessment? Here’s How to Handle the Situation A Notice of Assessment (NOA) is created and sent out when you file your income taxes and the CRA (Canada Revenue Agency) completes its initial processing of your tax return. A Notice of Assessment includes your contact information, the statement date and year, […]
June 12, 2019
What is Tax Evasion Canada? Tax evasion is a very serious situation. This term refers to a situation where an individual or business does not file tax returns as they should, when income is not accurately or completely declared, or when incorrect or fraudulent expenses are claimed on a tax return. The potential penalties for […]
March 27, 2019
A CRA Appeal is your opportunity to appeal a Notice of Assessment or Reassessment but the CRA Appeals process can be a lengthy one. Here is what you need to know at every step of the way, from filing your Notice of Appeal to resolution. What is CRA Notice of Appeal? When you file your […]
March 18, 2019
Owe Back Taxes to the CRA? Find out what you can do if you cant pay back your taxes. There are options including claiming financial hardship, setting up a payment plan etc. Its vital to get ahead on your back taxes to avoid costly interest and penalties. Farber Tax can help you sort it all […]