Filing Tax Appeals

The tax audit has been a very important & effective tool which is being used by CRA to ensure tax rules compliance by the Canadians. We always tell our clients that the audit itself is neither GOOD nor BAD but it's out come determine whether it was good or bad in a particular situation. If the outcome of audit is understatement of income or overstatement of expenses which result in extra Tax liability than it is not good for the client because beside the current financial liability his future tax file can also be Red Tagged and on the other hand if the result of audit does not give rise to any additional tax liability the audit proves to be opportunity for tax payer to prove his integrity.

When ever there is extra tax liability on account of Tax audit it can be on account of two reasons:

One that the tax information was not provided correctly while filing his tax return. There can be bonafide or malafide reasons behind it but the same amount of penalty is levied in both the cases.

Second the audit officer did not interpret ate the various tax provisions correctly or the correct information was not provided to him during the audit.

Once additional tax liability arise as a result of audit a Notice of Reassessment is issued by CRA and the tax liability mentioned there become immediate liability. A right has been given to tax payer to object against this additional liability and given a time frame to file Notice of objection with in 90 days of issue of Notice of Reassessment and sent it to appeals division.

We at MITAX help you to get your rights in case of tax disputes with Canada Revenue Agency

Services To Non Residents

The tax audit has been a very important & effective tool which is being used by CRA to ensure tax rules compliance by the Canadians.

Formation of Corporation

Like other part of the world a person can earn money in two broad capacities. One working as employee and second working as

Mitax Financial Corporation
2355 Derry Rd. East, Unit 46 (Upper Floor),
Mississauga, Ontario L5S 1V6

Telephone: (905) 461-4949
Cell: (416) 565-8299
FAX: (905) 677-6423
E-mail: info@mitax.ca

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