Unfiled tax returns can lead to penalties, CRA assessments, and even legal trouble—but you don’t have to face it alone. Learn how a tax lawyer can help you file overdue returns, challenge unfair assessments, and navigate CRA disputes with confidence.
Are You Receiving Taxable Shareholder Benefits Without Realizing It?
Subsection 15(1) of the Income Tax Act prevents shareholders from extracting corporate assets tax-free. Understanding how this rule applies can help you avoid unexpected tax liabilities. Learn how to protect yourself from costly reassessments and ensure compliance with CRA regulations.
If you’re transferring property to a family member or related party, be cautious—Subsection 160(1) of the Income Tax Act (Canada) can hold the recipient responsible for your unpaid tax debts. Learn how this provision works, the conditions for its application, and how to avoid unexpected liabilities.
Wondering how long the CRA can reassess your tax return? The normal reassessment period typically lasts 3 years for individuals and Canadian-controlled private corporations, and 4 years for other types of corporations and GST/HST returns. Learn what you can do if you’re facing a reassessment outside the normal period and how to protect yourself from unwanted surprises.