If you guessed that avoiding filing taxes is a bad thing, you are absolutely right. Avoiding the filing of taxes, whether you are a small business, corporation or individual, can be a serious offense. Even if you do not owe the taxman any money, having your taxes up to date and filed with CRA (Canada Revenue Agency) can prove to be comforting both mentally and financially.
What many individuals don’t know is that avoiding filing taxes can prohibit you from making other financial decisions in the future. Decisions, like buying a home or qualifying for any kind of loan, can be a problem especially if you are self-employed.
Contact us today to review your past due tax returns and we can work together to get you up to date.