Many Canadians fall behind in filing their yearly income tax returns. Many times this lapse is noticed by the CRA, who makes a formal request for the filings. At other times, the CRA does not notice that these returns have not been filed and yet the obligation to file and the potential of tax consequences add up.
The penalties for not meeting this legal obligation can be quite severe, and so we recommend that all Canadian Residents meet their obligation and file their returns. Those Canadians who have not can rely on our offices to help them meet their tax obligations.