Understanding Tax Compliance in Canada
Tax compliance is essential for individuals and businesses. Missed filings, unreported income, or incorrect deductions can lead to penalties, interest, and CRA audits. Fortunately, there are proactive solutions to correct past mistakes and defend your rights.
Voluntary Disclosure Program (VDP): Correct Past Errors
The CRA’s Voluntary Disclosure Program gives taxpayers a chance to fix previous tax errors without harsh penalties. Common scenarios include:
- Unreported income (employment, investments, rental)
- Missed foreign asset reporting (Form T1135, T1134)
- Late GST/HST filings
- Incorrect or incomplete returns
Benefits of VDP:
- Avoid criminal prosecution
- Reduce penalties and interest
- Bring your tax filings up to date
CRA Audit Support: Professional Representation Matters
A CRA audit can be overwhelming. Our audit support services ensure:
- Complete and accurate documentation
- Timely responses to CRA requests
- Strategic negotiation to minimize reassessments
Typical audit triggers:
- Charitable Donations claims
- Large expense claims
- Frequent GST/HST refunds
- Cross-border transactions
- Foreign tax credit claims
- Cross-border transactions
Notice of Objections and Appeals: Protect Your Rights
If you disagree with a CRA reassessment, filing a Notice of Objection is your first step. If the CRA does not resolve the issue, you can escalate to the Tax Court of Canada through an appeal.
Our team:
- Reviews reassessments for accuracy
- Prepares strong objections and appeal documentation
- Represents you throughout the dispute resolution process
Taxpayer Relief Applications: Reduce Penalties and Interest
The CRA’s Taxpayer Relief provisions allow you to request cancellation or waiver of penalties and interest under certain circumstances, such as:
- Financial hardship
- CRA delays or errors
- Extraordinary situations (illness, disaster)
We help you prepare a compelling application to maximize your chances of approval.
Why Choose Mitesh Patel Professional Corporation?
We provide:
- Voluntary Disclosure applications
- CRA audit defense
- Notice of Objection and Appeals
- Taxpayer Relief requests
- Comprehensive tax compliance strategies
Our mission: Protect your interests, minimize penalties, and restore peace of mind.
Need help with CRA audits, objections, or Taxpayer Relief?
Contact Mitesh Patel Professional Corporation today for expert tax compliance and CRA representation services.
