CRA is the central authority in Canada responsible for the collection of taxes from eligible individuals and entities. Although every taxpayer is required to file and pay his tax by a specified date however in negligence of this duty, the CRA takes it upon itself and takes actions towards CRA tax collection.

The first step taken by CRA tax collection is initial assessment of the owed taxes for a taxpayer and asks the taxpayer to pay the specific amount. If the tax amount is not paid within a month?s time or within 30 days the taxpayer will be called by the CRA agent and asked for the outstanding tax amount to be paid. Again time will be given to the taxpayer to pay his or her tax owing in full or at last reach an arrangement with the CRA regarding tax payment; however in wake of failure of doing so a final notice is issued by CRA to the taxpayer before it initiates any CRA tax collection method.

The CRA will finally assign a 90 day period to the taxpayer to pay the amount or face legal collection actions against him or her. These legal actions can include

–  Income Garnishments ? this will allow CRA to take over a set amount from the taxpayer?s income to retrieve the tax amount. Remember the CRA does not need a court order to garnish the wages or income of a taxpayer who owes taxes to CRA. CRA will only notify the taxpayer?s employer and start garnishing the taxpayer?s account. This is often the initial CRA tax collection method applied on a tax defaulter.

–  Seizure of bank account ? Your bank account will be seized until the entire amount of the tax is paid.

–  Property or home tax liens ? Tax liens are basically claims made by CRA on the property or home of the taxpayer. The CRA can implement a tax lien over any individual who owes CRA any tax owing as a form of CRA tax collection.

Tax liens once placed will rob you off the property rights and all rights will be placed in the hand of CRA until an agreement is decided upon CRA and the taxpayer. The CRA advises and informs any individual about the tax lien once it is registered.

Tax lien method of CRA tax collection does not exactly rob off the title of the property from the taxpayer rather it only prevents the taxpayer from refinancing or selling the property until the due taxes are paid in full. Although CRA lien over a taxpayer?s home is a very serious CRA tax collection method however it takes months even years of prior notice to pay before it actually happens.

Anyone who finds themselves stuck in such a situation can immediately contact Tax SOS for instant help and solution of the problem. Tax SOS can help you in devising a payment plan in wake of warding off the specific CRA tax collection method and complete all required documentation and requirement to avoid any legal action to be taken. Also Tax SOS can help individuals in case a tax lien has been placed on the property of any taxpayer and design a perfect possible solution to this problem.

Summary

CRA being a tax collection authority has rights to collect all due taxes and if not paid by the taxpayer even after repeated notices and attempts of recovery by CRA, it has the right to impose CRA tax collection methods on the taxpayer which can range between garnishments to property liens and even legal prosecution. Acquiring tax experts help in such a case is the best way to escape CRA tax collection methods.

If you are living in Toronto and have suffered some form of disability, you need to get in touch with a?Toronto tax consultant?to learn more about the disability tax credit in Toronto and other cities in Canada. There are many people in Canada who still do not know the difference between gross and net income or, for that matter, between support programs sponsored by the government and their impact on taxes.

People who are living with some kind of disability must know what is available to them. People who have suffered with head trauma get additional benefits. Disability Tax Credit?that come in the shape of benefits in Toronto are mainly to help people who are earning their income to reduce the burden of taxes. A?Toronto tax consultant?will be able to inform you on how?government Disability Tax Credit?programs ?help support people who are unable to work due to a disability.

A??tax consultant will help you ?process your application for CPP Disability Program. He or she will also be able to get you some Disability Tax Credit?relief in Toronto. The biggest relief medium is Canada’s Disability Tax Credit Certificate. It is Form T2201. This application will help you bring down the tax load if you have any disability as a result of an accident or severe illness and you are not able to work and earn above the basic levels of personal exemption. A point to be noted is that CPP disability gets taxed. You may not be employed or you may be working minimally but you will still be eligible to pay your taxes.

As a disabled person in Toronto, if you are earning very little or nothing at all, the tax credit may not apply to you. In this case, ?your spouse or partner as per law or your caregiver ?can use the tax credit for disability to get tax relief. There is another option where a?Toronto tax consultant ?would be able to advise you. ?Both you and the support person can use the tax credit for disability if you are in a position to earn enough to be require on some ?but not all of the credit. The support person can then use the portion you are not using.

The?Toronto tax consultant ?would guide you to consult your general practitioner in helping you to fill out basic data on Form T2201. It is your general physician who would be able to provide all the technical details concerning your disability. This form cannot be mailed in the same envelop along with your tax returns in Toronto. It has to be sent separately. It takes about three to four months to hear from the Agency. Medical and disability expenses can be claimed when they are at least three per cent of the net income. All medical expenses are not deemed eligible. Vitamins and mineral supplements are excluded. There is a probability that you will also be able to apply for GST or HST credits.

It is a fact that taxpayers in Toronto and other cities in Canada get significant benefits in the long run from hiring an experienced professional?Toronto?tax consultant. ?As a taxpayer in Toronto, if you are going to spend money on a tax consultant, ?make sure that you find the right kind of professionals to file your tax returns and giving you the proper advice for other tax problems beyond filing taxes such as tax appeal or?tax relief. To begin with, you have to understand the purpose of needing an experienced?Toronto?tax consultant. There are questions ?you need to ask before you make your decision. Take the ?time to focus on this issues and arrive at exactly what is it that you need your tax consultant to handle.

Preparing your own tax returns and filing the assessment is not an easy job. It can be stressful and can consume a great deal of time. You have to submit accurate tax returns. No tax situation is simple. It is a complex procedure and you will require a good deal of specialized help. ?Your objective is to keep your taxes to the minimum. To achieve this, you have to do detailed planning and a?Toronto tax consultant ?will be able to do that for you.

Tax filing is not a single filing process job. It may have several twists to it. There may be various kinds of situations where you may have to file arrears tax amounts or struggle with CRA negotiations or audits. If your business has dealings abroad or owns rental property outside Canada, you need to include that too. You need a tax consultant?who has expertise and specializes in areas that you specifically need help with.

Referrals are a good way to start your search. Your family, friends and business associates can give those referrals. It is better to start with people who have a similar tax situation as yours. Be cautious of those accountants who make big promises and talk about large refunds and give advice that you can deduct almost everything. You have to understand that it is you and not the?Toronto tax consultant who is ultimately responsible for the tax returns.

Some independent tax accounting firms will be more experienced than others. ?You need to make sure that you feel comfortable with the?Toronto tax?consultant you are about to work with. Pay attention to your Toronto tax consultant’s review by past clients.?Other things that you need to be checking are the privacy policies and the fees that are going to be charged.

If your small business has been affected by natural disasters like floods or earthquakes, your?Toronto tax consultant ?can help you with?taxpayer?relief measures provided by the CRA. This kind of tax?relief??is offered by CRA to those business units and individuals who cannot meet their corporate tax requirements as a result of natural disasters or other uncontrollable disasters.