September 21, 2023
It’s an interesting question but a reasonably easy one to answer: You should hire a professional to deal with the Canada Revenue Agency if you have ANY questions about your knowledge of the Income Tax Act and/or the Excise Tax Act.
There is a certain kind of pressure dealing with any type of regulatory body and especially one that is trying to collect money from you. What is your comfort level in doing so? If you are uncomfortable in this type of situation for any reason, you should hire a professional.
For most people, other than filing tax returns and paying on filing or getting a refund back, the CRA is a vast unknown quantity. It must be understood that the Canada Revenue Agency is one of the most, if not the most, powerful taxation organizations in the world. If you don’t understand what the far-reaching powers of the CRA are, you should hire a professional.
If you are unable to reasonably communicate and in a timely manner with the CRA, you should hire a professional.
If you are not familiar with the Collections Policies and Procedures of the CRA, you should hire a professional.
If your wages or your bank accounts have been frozen and you don’t know how to fix that, you should call a professional.
If you have questions about how, or if you can, negotiate a payment arrangement with the CRA, you should hire a professional.
If you need guidance in completing and Income and Expense form, you should hire a professional.
If you are not sure what assets the Canada Revenue Agency can seize and/or sell, you should hire a professional.
If you have questions about your rights as a taxpayer and how to use them to your best advantage in dealing with the CRA, you should hire a professional.
If you don’t know how, or if you can, complain about treatment received by the CRA, you should hire a professional.
For these reasons and more, you should hire a professional.
You may have the right skill set and what you do for a living but that does not necessarily make you equipped to deal with the CRA. You need to hire a professional.
Farber Tax Solutions has those professionals. Our background as ex-CRA employees gives us the edge you need. Please contact us for a free consultation.