TAX PROBLEM? WE CAN HELP
Tuesday's Tax Tidbits- Latest Income Tax Info (New money saving Income tax tips every Tuesday) - September 7, 2010
Judicial Review of Voluntary Disclosure
In the case of Poon v. Her Majesty the Queen, 2009 FC 432, our firm was able to successfully argue in the Federal Court of Canada that the denial of a voluntary disclosure due to an enforcement action was not justified.
Our Firm
Rotfleisch & Samulovitch is a Toronto-based boutique law firm specializing in tax and business law.
By staying small and specialized, we are able to respond quickly and effectively to our clients’ issues and concerns—as they arise. Our client list includes individual entrepreneurs, businesses, as well as large, public institutions. We are justifiably proud of our enviable track record of providing in-depth knowledge and proactive, hands-on solutions for all of
our clients.
Read more about our tax and business law firm
Featured Pages
REDUCE YOUR TAXES.
Find useful tax tips on Canadian Income Taxation suggested by experienced Canadian Tax Lawyers. Proper Tax Planning can reduce your Canadian income taxes owing.
UK Tax Articles:
Tax Amnesty - Voluntary Disclosure, A Way To Sleep At Night.
Taxpayer Compliance
Are you considering a voluntary disclosure (VDP or tax amnesty application) to the Canadian tax department for unflled Canadian income tax returns or undeclared income, but are feeling confused due to all of the conflicting information on the internet?
Are you afraid of a sinister "tax man" or "tax police" in dark glasses waiting to pounce on you and throw you in jail for tax evasion or not filing tax returns?
Nothing could be further from the truth. You CAN sleep at night, despite the fear mongering that you may have seen to the contrary.
The Canadian income taxation system is based on self-assessment. Taxpayers sometimes fail to report all income that they should, either through inadvertence or due to the extreme complexities of the Canadian tax system.
The purpose of the Canada tax amnesty program is to encourage Canadian taxpayers to voluntarily comply with their income tax obligations. Prosecution would be contrary to the goals of the VD program and contrary to the published guidelines (binding on CRA) that make it clear there will be no prosecution.
