At Credit Core Accounting, we specialize in providing comprehensive support for taxpayers facing challenges with the Canada Revenue Agency (CRA). Our team is adept at navigating the complexities of taxpayer relief provisions to help our clients achieve the best possible outcomes.

Typical Case Scenario
Consider a regular case where a taxpayer is notionally assessed by the CRA for not filing tax returns. This means the CRA filed returns on behalf of the taxpayer, usually only including income without accounting for any expenses. Consequently, the taxpayer is assessed a late filing penalty amounting to 50% of the taxes owing.

In such situations, we take immediate action to:

1. Stop Collection Actions: We file paperwork to halt any collection actions initiated by the CRA.
2. Accurate Tax Returns: We prepare and submit accurate tax returns for the taxpayer’s corporation, business, and farm.
3. Request for Fairness: We submit a request for fairness under the Taxpayer Relief Provision, providing necessary documentation to support the taxpayer’s case.