Audit
Selected for an audit? Do you know your rights? Worried about making things worse? Feeling overwhelmed, confused and anxious?
Sometimes life presents us with challenging circumstances that can get in the way of our tax obligations and may seem impossible to pay off due to high interest rates and penalties imposed by the Canada Revenue Agency (CRA).
The good news is the CRA can grant relief based on fairness in instances where extraordinary circumstances led to some aspect of non-compliance.
Commonly known as the Taxpayer Relief Program, the CRA has discretionary power in two critical areas, specifically, canceling penalties and interest, in addition to issuing refunds for tax returns that are more than three years past due the normal assessment period.
Requesting Taxpayer Relief may appear on the surface to be a simple and straightforward process. However, the reality is quite the opposite. It is often difficult and time-consuming for taxpayers to navigate this deceptively complex process. It is challenging to persuade the CRA to act favorably and secure a successful result and that is where the experienced professionals at Farber Tax Solutions can help.
Our team consists of James Bell, a former Senior CRA Manager, with over 22 years of CRA experience, and Beitel Tax Law, a law firm with which we have a close affiliation.
Excellent service
Took the stress away from me having to deal with the CRA direct. They understand what can be done or not!!! Worth spending money to achieve a comfortable outcome.READ MORE Brian Bitly
They can be defined as ‘extraordinary circumstances’, ‘CRA errors’, and ‘financial hardship’.
Tax relief requests regarding penalties, interests and refunds can be for a period of time dating back to a maximum of 10 years.