Tax Court Services

If you disagree with the Canada Revenue Agency’s (“CRA”) decision resulting from an audit or objection, you can appeal the assessment or determination to the Tax Court of Canada (“TCC”).

Voluntary Disclosure

Second chances don’t often happen in life.  Have you failed to report income, overstated your expenses, or were you unaware that you were required to disclose foreign assets?

Taxpayer Relief 

Do you have a tax debt that seems impossible to pay off due to the high interest rates and penalties imposed by the CRA?  Did you realize that both interest and penalties are discretionary charges?
Tax Debt

Are you unable to pay your bills or operate your business due to your bank account being frozen by the CRA? Having difficulty refinancing your home because the CRA has a lien on your property?
Objection

If the tax auditor believes that a tax return was filed incorrectly or contained inaccurate information, it is likely that the taxpayer will be reassessed by the Canada Revenue Agency.

Unfiled Returns

If you have unfiled tax returns, the CRA may have filed arbitrary returns for you. These are fake returns created to get your money! Rosen Kirshen Tax Law knows what it takes to get you filed up to date, and get you back on track with your tax reporting obligations.
What is Considered Passive Income in Canada

What is Considered Passive Income in Canada

24.06.2019 / by Jeff Kirshen / 0 comments

Passive income is income that is derived from the ownership of capital property or assets that generate income without excessive effort on the part of the stakeholder. Most of the time, passive income is considered taxable income in Canada. Sources…

What are the Tax Brackets in Canada?

What are the Tax Brackets in Canada?

18.06.2019 / by Jeff Kirshen / 1 comments

Canadian tax brackets are portions of Taxpayer’s income in Canada which get taxed at different rates. The following is a breakdown of the Canadian Federal tax rates for 2019: 15% on the first $47,630 of taxable income Income earned between…

Claiming Capital Cost Allowance on a Rental Property

Claiming Capital Cost Allowance on a Rental Property

11.06.2019 / by Jeff Kirshen / 0 comments

Capital Cost Allowance is a deductible expense (taken off your taxable income) for the depreciation (wear and tear) of something. More specifically, Capital cost allowance (CCA) is the depreciation of fixed assets, excluding land, that is allowed to be claimed as…

Designating a Property as a Principal Residence - T2091

Designating a Property as a Principal Residence – T2091

4.06.2019 / by Jeff Kirshen / 1 comments

The Principal Residence Exemption may allow for the profit from the sale of your home to be received tax-free. For many Canadian households, a vast amount, if not most of their wealth is tied to their homes. Accordingly, it is…