​STONE
BRIDGE
TAX RESOLUTIONS
Non-Compliance Assistance
Getting Back on Track with the CRA
Falling behind on your tax filings or failing to report income can lead to serious consequences, including penalties, interest charges and enforcement actions by the Canada Revenue Agency (CRA). Whether you've missed deadlines, have unreported income or are facing pressure from the CRA, addressing these issues as soon as possible is crucial to minimizing financial and legal risks.
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What is Non-Compliance?
Non-compliance with tax obligations occurs when a taxpayer:
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Fails to file one or more required tax returns.
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Underreports or omits taxable income.
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Delays or neglects payment of taxes owed.
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Fails to comply with CRA reporting requirements.
Ignoring these issues can result in escalating penalties, interest accumulation, and even legal action. Fortunately, solutions are available to help you get back into compliance while reducing potential penalties.
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How We Help - Correcting Non-Compliance Issues
At Stonebridge Tax Resolutions, we assist clients in resolving non-compliance by:
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Assessing Your Tax Situation – We conduct a full review of your tax account to determine what filings are missing or incorrect.
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Correcting Unreported Income – If you have unreported income, we help you disclose it properly to minimize penalties and legal exposure.
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Negotiating with the CRA – We work directly with the CRA to resolve outstanding tax issues and explore options for penalty relief.
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Voluntary Disclosure Program Assistance – If eligible, we help clients apply to the CRA’s Voluntary Disclosures Program to correct past errors and reduce penalties.
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Why Address Non-Compliance Now?
Delaying action can worsen your financial situation and increase the likelihood of CRA enforcement measures, including:
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Tax audits and reassessments that may result in higher tax liabilities.
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Wage garnishments, bank account freezes or property liens if tax debts remain unresolved.
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Severe penalties and compounding interest that make it harder to settle outstanding amounts.
Proactively addressing non-compliance not only prevents these consequences, but also demonstrates good faith to the CRA, which can lead to more favorable resolution terms.
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Let’s Get You Back in Good Standing
No matter how long you’ve been non-compliant, it’s never too late to take corrective action. At Stonebridge Tax Resolutions, we provide expert guidance to help you navigate the compliance process with confidence. Contact us today to start resolving your tax issues and regain peace of mind.
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