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Can They Assess Me Without a Tax Return?  Can They Assess Me Without a Tax Return?

Dear Neel,

I haven't filed my returns for over five years, and the other day I got assessments in the mail for three years that I know are wrong. They are trying to tell me that I earned more in my business than I did . What's my next step? Can they really do this even though it's inaccurate? I refuse to believe CRA has this much power. - Paula C.

Dear Paula,

Elsewhere in your letter you indicated that you are self-employed and therefore entitled to certain deductions, but that legitimate deductions like donations and alimony support were not considered. Unfortunately, CRA does indeed have the right to "arbitrarily" assess you based on the information they have, and the assessment becomes enforceable if you do not file a dispute notice. The law changes from year to year, and you should consult with a tax professional if you are unsure how to resolve the outstanding balance with CRA. Since you have your own small business, our Small Business Tax Booklet with Corporate Checklist will help you compile your information. You did not mention why you were behind. If it's more than just procrastination, you should consider making an application for relief of penalties and interest under the Fairness Act. However, if you still have a balance owing, the Taxpayer Bill of Rights does not exempt you from paying, and arrangements must be made accordingly. Good luck!

Are You Really Being Picked On By the Taxman?  Are You Really Being Picked On By the Taxman?

Late Filers — How Far Back Do You Go?  Late Filers — How Far Back Do You Go?

Severance, RRSPs, and Career Transitions  Severance, RRSPs, and Career Transitions

Behind and Can't Pay?  Behind and Can't Pay?

I Owe, I Owe, So Off to Work I Go — Or Not!  "I Owe, I Owe, So Off to Work I Go"— Or Not!

Dormant Debt Does Not Equal Written Off Tax Balance with CRA  "Dormant Debt" Does Not Equal "Written Off" Tax Balance with CRA

Surveillance — How Far Do You Go?  Surveillance — How Far Do You Go?

Stung by a scam! Now what?  Stung by a scam! Now what?

Reducing the Annual Tax Bill  Reducing the Annual Tax Bill

Investments Outside Canada  Investments Outside Canada

Gains and Losses in an RRSP  Gains and Losses in an RRSP

Missing Property  Missing Property

Using Business Losses  Using Business Losses

Entertainment Boundaries  Entertainment Boundaries

Claiming In-home Expenses on the Job  Claiming In-home Expenses on the Job

Finding Unclaimed Deductions  Finding Unclaimed Deductions

Jumping to Conclusions Too Fast  Jumping to Conclusions Too Fast

Selling My Multi-Lot Property  Selling My Multi-Lot Property

Pleasant Surprise  Pleasant Surprise

Trashed Property—Now What?  Trashed Property—Now What?

To Do or Not to Do My Own Tax Return  To Do or Not to Do My Own Tax Return

Pre-assessment Reviews  Pre-assessment Reviews

Getting the Right Pro and Reporting the Wrong  Getting the Right Pro and Reporting the Wrong

Buying RRSPs  Buying RRSPs

Moving Investments into an RRSP  Moving Investments into an RRSP

Plugging a Leaky Pocket  Plugging a Leaky Pocket

Getting into The Rental Business  Getting into The Rental Business

Keeping Your Records Straight  Keeping Your Records Straight

Now That's One Crooked Politician!  Now That's One Crooked Politician!

Checking your Notice of Assessment  Checking your Notice of Assessment

April 30th Deadline in Stone?  April 30th Deadline in Stone?

Late Taxes-What Now?  Late Taxes-What Now?

Employment Versus Self-Employment  Employment Versus Self-Employment

The Early Years of Business  The Early Years of Business

Commissions versus Bonuses Earned on the Job  Commissions versus Bonuses Earned on the Job

To Incorporate or Not to Incorporate?  To Incorporate or Not to Incorporate?

Working People Need More Tax Breaks!  Working People Need More Tax Breaks!

Cash Under the Table  Cash Under the Table




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