Frequently Asked Tax Law Questions
Filing for taxes is a very detailed and often confusing task and, in many cases, questions can arise. Things can become even more confusing if you file your taxes, only to have the Canada Revenue Agency (CRA) approach you about false or missing information, or even charge you with a criminal offense. Anyone in this situation will most likely not know exactly what they should do. If you are one such person, we can't stress enough how important it is to get help from a Toronto tax lawyer. At the Law Offices of Norman MacDonald, we have the training and experience to answer your tax law questions, so don't hesitate to contact our firm to learn what we could do for you. You can also read below for answers to a few commonly asked questions, but a lawyer will be best qualified to give you the advice that you need.
When faced with tax offense charge or false accusations by the CRA, you want a tax lawyer with extensive experience, proven results, and the determination to win. At the Law Firm of Norman MacDonald, we can provide all three of these qualities and more. By calling our offices today, you will quickly learn the MacDonald Difference: Solid statistics, personal care and attention, and flat-rate fees are offered to each and every one of our clients. Mr. MacDonald has over 20 years of experience in numerous tax law areas, both in-country and overseas. By trusting your situation to him, you can have peace of mind knowing that your case is in good hands.
We couldn’t stress enough how important it is to file your taxes on time, but if you are faced with a situation where you have not filed by the national cut-off date (usually April 30), then several different things could happen. Past-due returns will incur late fines and, in most cases, a daily interest rate will be applied until you do file. This is not the worst-case scenario, however. If you fail to file at all, the CRA may charge you with tax evasion, which is a serious felony and could result in excessive fines and even years in prison. Don’t let this happen to you! Get legal assistance from the Law Offices of Norman MacDonald right away.
Tax amnesty is available through the Voluntary Disclosure s Program to anyone who has failed to file for any form of taxes. If you have failed to file, do not do so before applying for tax amnesty, because you will then be disqualified and make your case susceptible to fines and interest rates.
Tax returns can be selected for audit in one of three ways:
- At random;
- Because information on the return differed in comparison to information provided by third-parties such as employers
- Because of types of deductions or credits claimed and your previous review history.
All returns are screened by the CRA’s computer system, but they may not be selected right away. Always be sure to keep any information necessary for an audit on file for at least six years to ensure that your review can be completed in a timely manner should your return be selected.
Don’t automatically assume that you are exempt from paying taxes in Canada because you are not a citizen. Certain circumstances can cause you to be subject to taxation. If you have lived in Canada for 183 or more days in a tax year and are not a resident of any other country under a tax treaty with Canada, you may be considered a “deemed resident” of Canada even with no significant residential ties to the country. As a result, you may be subject to taxes. Contact a tax lawyer in Canada or speak directly with the CRA to learn more.
Contact a Toronto Tax lawyer Today
Reading up on frequently asked questions may provide some of the answers you’re looking for, but only a qualified tax lawyer can give you extensive advice and counsel in these areas. At the Law Offices of Norman MacDonald, we have over 20 years of extensive experience, including tax amnesty, tax audits, and international business law. We can give your case the personal attention you want, as well as the aggression and determination it needs in order to succeed.