With the economic downturn, many individuals and enterprises are carrying major tax liabilities, typically with hefty penalty and interest charges. Oftentimes, if a taxpayer can pay any money, it will be applied to the interest and penalties only. That means…
Tag: tax lawyer
Underreported your income or missed tax returns? Tax amnesty may help you
If you have never filed all your income tax returns or have filed them incorrectly, Revenue Canada’s Voluntary Disclosure program, often called “tax amnesty,” may be for you. If you have missed to report your income and pay the corresponding…