Can They Assess Me Without a Tax Return? Dear Neel, I haven t filed my returns for over five years, and the other day I got assessments in the mail for three years that I know are wrong. They are trying to tell me that I earned more in my business than I did . What s my next step? Can they really do this even though it s inaccurate? I refuse to believe CRA has this much powerPaula C. Elsewhere in your letter you indicated that you are self-employed and therefore entitled to certain deductions, but that legitimate deductions like donations and alimony support were not considered. Unfortunately, CRA does indeed have the right to "arbitrarily" assess you based on the information they have, and the assessment becomes enforceable if you do not file a dispute notice . The law changes from year to year, and you should consult with a tax professional if you are unsure how to resolve the outstanding balance with CRA. Since you have your own small business, our Small Business Tax Booklet with Corporate Checklist will help you compile your information. You did not mention why you were behind. If it s more than just procrastination , you should consider making an application for relief of penalties and interest under the Fairness Act . However, if you still have a balance owing, the Taxpayer Bill of Rights does not exempt you from paying, and arrangements must be made accordingly. Good luck! Are You Really Being Picked On By the Taxman? Dear Neel, I have never filed a tax return in my life. I ’m self-employed, so I can ’t even begin to imagine how much I owe. I want to retire next year, and I just found out that my Canada Pension benefits depend on my tax returns being filed from day one. I want to get this all cleared up, but CRA has informed me that I can file back only up to ten years. I ’m not sure if this is a good thing, because I ’d like to get as much pension as possible. Your help is much needed!Terry B. CRA passed a law a few years ago that unfiled returns that are not under enforcement will be considered “status barred, ” which pretty much confirms your conversation with CRA that they won ’t accept older returns. Because you will owe money, you can see if they will reconsider accepting these returns under the Voluntary Disclosure Program , which allows a taxpayer to request that all penalties and interest be waived if their application is successful. This would mean several thousands of dollars in tax-free relief for you, but it does not exempt you from the actual taxes owed. Under the program, you can remit CPP premiums, which will boost your pension entitlement. You are still entitled to claim all legitimate deductions in the operation of your business, so download our Small Business Tax Booklet to help you collect your information —and consider getting a professional to assist in the whole process. Late Filers — How Far Back Do You Go? Dear Neel, I ’m so disillusioned with the whole Canadian tax system. I work with a bunch of guys who haven ’t filed in years, and they laugh about it! Meanwhile, if I ’m even two months behind, I get a “demand to file ” notice without fail every year.
PTC Canada is Vulcan-based company (Alberta, Canada) with a phone number 8664622764. Our data show that the company is located at the address: PO Box 3327. The company has a web site: www.ptccanada.com.
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