Information About Rosen Kirshen Tax Law Blog
Below is a preview of the five most recent posts from the blog Rosen Kirshen Tax Law Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- Filing a Taxpayer Relief Application with RC4288
Have you been charged penalties or interest on your outstanding debt owing to the Canada Revenue Agency (CRA)? Many people who find themselves in this situation may apply to the Taxpayer Relief Program to request relief in the form of waiving… The post Filing a Taxpayer Relief Application with RC4 … Read more »
- How Does the CRA Obtain Information when Auditing?
The Canada Revenue Agency (CRA) normally requests the information and documentation it requires from taxpayers directly. If taxpayers do not provide what the CRA is looking for, then auditors may issue demands for the information. These demands, if not complied… The post How Does the CRA Obtain In … Read more »
- What is Specified Foreign Property?
Specified Foreign Property are assets held outside of Canada. The threshold for reporting to the CRA on a T1135 form is if the property that you have held during the relevant tax year costs over $100,000 CAD. The $100,000 threshold… The post What is Specified Foreign Property? appeared first on Ro … Read more »
- Who Can be Claimed as a Dependent?
Eligible dependents are normally your closest relatives. As much as we love to care for our loved ones, it can be expensive, so it’s nice to know that there are a number of credits and deductions that you can claim… The post Who Can be Claimed as a Dependent? appeared first on Rosen Kirshen Profes … Read more »
- How to Survive an Audit
The thought of being audited is dreaded by most taxpayers. This fear stems from being unprepared. Often, tax returns are mismanaged, receipts are lost, and bank statements are unorganized. Audits are a central Canada Revenue Agency enforcement method. As such,… The post How to Survive an Audit app … Read more »