Back Taxes

TFSA Holders Subject to Tax Audit Banned From Withdrawals

Tax free savings account (TFSA) holders who are currently being audited by the Canada Revenue Agency are being banned from making withdrawals as dealers are trying to limit their exposure and avoid being responsible for the tax bill.

Brigitte’s Financial Review - A GTA Wealth Management Inc. case study

Brigitte was a referral from a current client. She was handling her investments at her local bank branch. She felt overwhelmed with the investments that she had and was unsure about the type of investments that she should have. She realized that she needed some help.

Canada-US Back Tax: Canada-United States Enhanced Tax Information Exchange Agreement Implementation Act

In recent news, two Canadian women are suing the Attorney General of Canada in Federal court claiming that the Canada-United States Enhanced Tax Information Exchange Agreement Implementation Act is a violation of their fundamental rights and freedoms.

The two women, Virginia Hills and Gwendolyn Deegan, are considered 'US Persons' under American law; Virginia and Gwendolyn claim that the Canadian government unconstitutionally shared their private banking information with the US Internal Revenue Service.

Back Taxes

Back taxes or tax problems? Need Tax audit help? The tax accountants GTA Wealth can help with your back taxes and increase your tax refunds.

Back taxes or tax problems? Need Tax audit help?

Subscribe to RSS - Back Taxes