Unreported Foreign Income or Assets? The VDP Can Help
Facing tax complications from unreported foreign income or assets? Capital Tax Law guides you through the CRA’s VDP for a smoother resolution. Free consultation!
Unfiled GST/HST returns causing sleepless nights?
You’re not alone. Missing these filings can lead to significant stress, penalties, and interest charges from the Canada Revenue Agency (CRA). At Capital Tax Law, we understand the complexities of GST/HST and can help you navigate the process of filing unfiled returns and minimizing the damage.
Why You Shouldn't Ignore Unfiled GST/HST Returns:
Penalties and Interest
The CRA can impose substantial penalties and interest charges on outstanding GST/HST balances. Early action can minimize these financial burdens.
Potential for Audit
Unfiled returns raise red flags for the CRA, increasing your risk of a costly audit. Addressing the issue proactively can help you avoid unwanted scrutiny.
Peace of Mind
Get a good night's sleep knowing your tax obligations are in order. We'll handle the filing process, allowing you to focus on your business or personal life.
How Capital Tax Law Can Help
Review Your Situation
We'll meticulously analyze your circumstances and determine the best course of action for addressing your unfiled returns.
Prepare and File Returns
Our experienced tax professionals will handle the preparation and filing of your outstanding GST/HST returns, ensuring accuracy and compliance.
Negotiate with the CRA
We'll work with the CRA on your behalf to minimize penalties and interest charges, maximizing your financial benefit.
Future Compliance
We can provide ongoing guidance to help you stay compliant with GST/HST regulations and avoid future filing issues.
Voluntary Disclosure Program (VDP) - A Potential Solution
If you haven’t been contacted by the CRA and have unfiled GST/HST returns, you may be eligible for the Voluntary Disclosure Program (VDP). This program allows you to come forward and disclose your situation to the CRA with reduced penalties or even no penalties at all. We can advise you on your eligibility for the VDP.
Beyond Unfiled Returns
Our GST/HST expertise extends beyond unfiled returns. We can also assist you with:
Understanding When to Register
We'll help you determine if your business needs to register for GST/HST based on the $30,000 annual sales threshold.
Proper GST/HST Charging
Ensure you're correctly charging GST/HST on your invoices and avoid any potential issues with the CRA.
GST/HST on Exports
We can clarify the rules for charging GST/HST on products or services sold outside Canada.
Don't Let Unfiled GST/HST Returns Hold You Back!
Take control of your tax situation. Contact Capital Tax Law today for a free consultation! We’ll guide you through the process, protect your interests, and get you back on track with the CRA.