We Clean up Your Tax Mess Fast! for Less!

877-982-9767
  • Home
  • About Us
  • Our Services
  • Testimonial
  • FAQ
  • Service Costs
  • Contact
Help Me Now!
TaxSOS.ca Search #

Major Tax Problems & Solutions

_______________
  • Tax Representation
  • CRA Tax Audit
  • Unfiled Taxes/Late Taxes
  • VDP-Tax Amnesty
  • Tax Payment Plan
  • Taxpayer Relief
  • Income Garnishment
  • Tax Appeal
  • Penalties & Interests
  • Tax Owing
  • Bank Levy
  • Payroll Tax Arrears
  • Tax Lien
  • Demand to File Notice
  • Tax Problems
  • Tax Solutions
_______________

Pay Your Canadian Taxes With A Tax Payment Arrangement

Posted by support2 March 01 2014

Tagged Under : tax payment, tax payment arrangement

There will be times when it becomes a strain to pay your taxes and if this happens, it is important you deal with it right away. Ignoring the problem will just make it a bigger problem, but by speaking up an explaining what is going on, there is the chance to make a tax payment arrangement. You must be able to prove that you are not in a position to pay the tax and not just that you don?t want to pay, but once that has been confirmed, there will be people happy to allow a plan to be entered into.

Some people try to sort the problems out themselves without a tax payment arrangement, but this does not always work out well as it can be stressful, and often they just agree to a figure to be paid each month and do not consider if they will be able to raise this amount in a monthly basis. When planning to enter a tax payment arrangement it will be best to seek the advice of a professional as they will explain what you should consider as a sensible amount for living expenses. As it is easy to contact the authorities, too many people have set up an unreasonable plan without getting the right advice. If this happens and it is then impossible to make the payments the consequences will be worse and it could end up that the CRA will put a lien on your home.

Once the tax payment arrangement has been set up, you will find that there are so many ways to pay. There is a secure section on the CRA online site and there is a ?My Payment? section that allows payment to be made. A cheque can be sent and you could go to the tax office each month and make the payment in person. If you have telephone banking you can also carry it out that way. In fairness to the CRA they make it easy for you to pay once the tax payment arrangement has been established.

There are a number of reasons why you should not go through this process alone. It is not a quick and easy process, and it can be worrying having to deal with such an important organisation. The criteria set out for getting a tax payment arrangement is complex and where possible the CRA will want full payment. There will be interest charged, and while it is worth bearing in mind that high payments could cut out the interest paid on this owing, it could lead to others that will cost more. At present the compounded daily interest rate is 5%.

It is important that advice is sought as soon as you realise that there will be a problem. If legal proceedings have been started against you it will be hard to stop the process. Even if it is stopped it may prevent you getting such a good deal on the tax payment arrangement as you would have got if you had made contact earlier. It is bound to be a worrying time, but there are ways to enter a tax payment arrangement and there are people to help you.

Posted in CRA Tax Payment Plan, Tax Payment Arrangement, Tax Payment Plan

Comments are closed.

    Contact Tax SOS for Tax Help

    CONTACT US NOW!

    • >>>Tollfree:         877-982-9767 (24/7 live agents)
    • >>> Phone:           416-623-9234 (24/7 live agents)
    • >>>Email:                              Help@TaxSOS.ca
    • >>>Office: 60 Green Ln,Unit 12A,Thornhill, ON, L3T 7P5
    • >>>Hours:                  10:00am to 6:00pm Mon-Fri

      __________________________________

      Tax Info. & Articles Archive

      __________________________________
    • Important Due Dates for Business & Personal Taxes
    • Revenue Enforcement Agent
    • Tax Pay Enforcement Process
    • Article on Tax Audit
    • Typical Tax Accountants Can't Help with Your Tax Problem
    • How CRA Verify Your Tax Returns
    • Unfiled Tax Crime & Tax Alert
    • News Release, Tax Warning
    • Be Aware of Those Tax Leads Centers
    • Tax Alert - CRA Warning
    • Tax Horror Stories - W5
    • Taxpayer Bill of Rights
    • Tax Resources, Myths, and Information
    • __________________________________
    • Home |
    • About Tax SOS |
    • Tax Accountants Can?t Help with Your Tax Problems |
    • Article on Tax Audit |
    • Bank Levy |
    • Be Aware of Those Tax Leads Centers |
    • Contact Tax SOS for Tax Help |
    • Costs of Services |
    • Demand to File Notice |
    • FAQ: Common Tax Questions |
    • How CRA Verify Your Tax Returns |
    • Important Due Dates for Business & Personal Tax |
    • Income Garnishment |
    • News Release, Tax Warning |
    • Payroll Tax Arrears |
    • Penalties & Interests |
    • Tax Resources, Myths, and Information |
    • Unfiled Tax Crime & Tax Alert for False Claim |
    • Tax Alert: False Claim & Offshore Account |
    • Tax Appeal |
    • Tax Audit |
    • Tax Horror Stories in the Media |
    • Tax Lien |
    • Tax Payer Relief |
    • Tax Payment Plan |
    • Tax Problems |
    • Tax Problems: Tax owing |
    • Tax Representation |
    • Tax Solutions |
    • Tax Testimonial |
    • Taxpayer Bill of Rights |
    • Unfiled Taxes |
    • Voluntary Disclosure Program (VDP) |
    • Why Us – Service Quality |
    • Blog

    Social Link »

            

    At Tax SOS

    We Clean up Your Tax Mess Fast! for Less!

    Privacy & Security

    Contact Tax SOS for Immediate Tax Help!

    Location: 60 Green Lane, Thornhill, ON, L3T 7P5
    Email: Help@TaxSOS.ca
    Phone: 877-982-9767 or 416-623-9234

    • © TAX SOS. All rights reserved.
    • Valid XHTML & CSS
    • Home
    • About Us
    • Contact Us
    • FAQ
    • Home |
    • About Tax SOS |
    • Tax Accountants Can?t Help with Your Tax Problems |
    • Article on Tax Audit |
    • Bank Levy |
    • Be Aware of Those Tax Leads Centers |
    • Contact Tax SOS for Tax Help |
    • Costs of Services |
    • Demand to File Notice |
    • FAQ: Common Tax Questions |
    • How CRA Verify Your Tax Returns |
    • Important Due Dates for Business & Personal Tax |
    • Income Garnishment |
    • News Release, Tax Warning |
    • Payroll Tax Arrears |
    • Penalties & Interests |
    • Tax Resources, Myths, and Information |
    • Unfiled Tax Crime & Tax Alert for False Claim |
    • Tax Alert: False Claim & Offshore Account |
    • Tax Appeal |
    • Tax Audit |
    • Tax Horror Stories in the Media |
    • Tax Lien |
    • Tax Payer Relief |
    • Tax Payment Plan |
    • Tax Problems |
    • Tax Problems: Tax owing |
    • Tax Representation |
    • Tax Solutions |
    • Tax Testimonial |
    • Taxpayer Bill of Rights |
    • Unfiled Taxes |
    • Voluntary Disclosure Program (VDP) |
    • Why Us – Service Quality |
    • Blog