Our Services

TAX/DEBT RELIEF

Reducing Penalties and Interest for Tax Arrears

If tax penalties and interest are threatening the stability of your business, relief may be closer than you think. The CRA’s Taxpayer Relief Program exists to help those facing genuine financial hardship or extraordinary circumstances. We specialize in crafting compelling submissions to secure this relief for our clients.

How We Assist

We begin by carefully evaluating your case to determine your eligibility for taxpayer relief. This involves a thorough review of your financial situation, the circumstances surrounding your tax arrears, and any applicable CRA guidelines. Our goal is to identify the strongest grounds for seeking relief and ensure that your application stands the best chance of success.

Once eligibility is established, we craft a tailored submission that clearly outlines your unique circumstances and presents a compelling argument for reducing penalties or interest. Drawing on years of CRA experience, we know how to position your case effectively and communicate in a way that resonates with decision-makers, increasing the likelihood of a favourable outcome.

Financial hardship shouldn’t define your business’s future. Bell Tax Advisory is here to help you secure the relief you need to move forward.

Why Choose Bell Tax Advisory?

James, with over 33 years of experience in this field, including his 22+ years working at the CRA, is able to offer a unique perspective to resolve disputes efficiently and effectively. James and Bell Tax Advisory are committed to providing tailored solutions, strategic insights, and the dedicated support you and your clients need to achieve the best results.

Why Partner with Bell Tax Advisory?

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Frequently asked questions

t is the Taxpayer Relief Program?

The CRA’s Taxpayer Relief Program allows eligible taxpayers to request a reduction or cancellation of interest and penalties on outstanding tax debt. Relief may be granted due to extraordinary life circumstances, financial hardship, or CRA errors or delays. It does not reduce the principal tax debt, but it can significantly lower the overall amount owed. The Voluntary Disclosure Program allows taxpayers to proactively correct unfiled or inaccurate tax returns without facing penalties or criminal prosecution. If your disclosure meets CRA criteria, is voluntary, complete, over a year overdue, and involves potential penalties, you may qualify for relief. The CRA may waive penalties and reduce interest if your application is accepted.

Who qualifies for relief under this program?

You may qualify for taxpayer relief if you’ve experienced serious illness, death in the family, natural disasters, financial hardship, or delays caused by the CRA. The CRA may also grant relief when their own actions, like errors in processing or providing misleading information, led to penalties. Each application must include documentation and a clear explanation of why the situation was beyond your control. We build detailed submissions designed for successful outcomes.

Will the CRA forgive my tax debt?

No. The CRA does not forgive the principal tax debt under any program. However, they may waive penalties and reduce interest if you qualify for the Taxpayer Relief Program. By doing so, your total repayment can become far more manageable. Relief depends on the facts of your case, including financial hardship and external circumstances.

How do I apply for taxpayer relief?

Applications must be submitted in writing, with full supporting documentation and a clear explanation of the circumstances that justify relief. The CRA only considers relief for the previous 10 years, and incomplete applications are often rejected. We help you gather evidence, write the application, and communicate with the CRA throughout the process to ensure it gets the attention it deserves.

What if the CRA caused the issue?

If the CRA made an error, such as processing delays or giving incorrect advice, you may be eligible for relief. These cases often fall under the “CRA error” category of the Taxpayer Relief Program. You’ll need to demonstrate how the CRA’s actions led to the penalty or interest you were charged.