Last blog added on Tuesday, November 13th, 2018

Information About Rosen Kirshen Tax Law Blog

Recent Posts

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!

  • How to Calculate CRA Penalty and InterestNovember 13, 2018

    If you have a balance owing for a tax year, the Canada Revenue Agency begins charging compound daily interest on May 1st of that year. The interest is charged on any unpaid amounts owing for that tax year. For example, if… The post How to Calculate CRA Penalty and Interest appeared first on Rosen … Read more »

  • What is the CRA Reassessment Period?October 29, 2018

    The CRA Reassessment Period is the amount of time the Canada Revenue Agency is allowed to adjust a personal, corporate, GST/HST, or payroll return. Each of these returns have different CRA Reassessment Periods, and the Canada Revenue Agency may even… The post What is the CRA Reassessment Period? a … Read more »

  • What Can the CRA Require me to Pay?October 23, 2018

    What Happens if you Owe Money to the CRA? It is important to know that if you are unable to pay the full amount that you owe to the Canada Revenue Agency, then it is essential to either contact the… The post What Can the CRA Require me to Pay? appeared first on Rosen Kirshen Professional Corporati … Read more »

  • What are the Penalties for Tax Evasion?October 9, 2018

    What is CRA Tax Evasion? The Canada Revenue Agency states that an individual or business engages in tax evasion when they intentionally ignore Canada’s tax laws. More specifically, it is the willful decision to suppress or avoid disclosing income required to… The post What are the Penalties for Ta … Read more »

  • How Far Back Can CRA Audit?October 1, 2018

    The Difference Between a CRA Audit, and a CRA Review The Canada Revenue Agency (“CRA”) has two options when looking at reassessing or adjusting tax returns. First, “tax reviews”, which are not formal audits, but rather a process that promotes… The post How Far Back Can CRA Audit? appeared first on … Read more »