Life is a long-distance race, and the scenery we pass through are all temporary in the long process of life. So how to correctly obtain wealth and retain finances is actually a question worth thinking about. Canada's tax laws are not static. Although times have changed, science and technology have developed, and many policy tools and supervision and management have undergone great changes. How can we make the future easier and richer? Today's efforts are very important.
I would like to remind everyone here that although the CRA only wants to collect information through the T1134 submitted by tax residents every year, not to collect taxes, but if you do not file or file after the deadline, you will eventually attract a large amount of money for yourself that is suspicious. The penalty of life. The reason why Lao Zhao is still happily fishing for crabs in the supermarket, assuming that the problem does not exist, is that it is because the CRA considers the cost of tax audits, and the seemingly calm weather every year is just before the tsunami. Foreshadowing. According to the penalty amount of $500 per month and $12,000 per year, the amount of fines incurred by Zhao over the past eight years is really shocking. Fortunately, the CRA has not found him yet, and he still has the opportunity to seek exemption from the CRA by proactively admitting his mistakes.