Tax Shelters are generally investments that have as a main or secondary purpose the reduction of taxes, and are often challenged by CRA. The Canadian tax department has been warning about charity tax shelters for years, and has tried various approaches to shutting down the charity tax shelter industry. As a further attack on the industry, CRA announced that they have launched criminal investigations into a number of tax shelter promoters. Prior to investing in any tax shelter it is important to seek independent advice from a Canadian tax lawyer. We have experience in both structuring tax shelters for promoters and in providing tax assistance to Canadian taxpayers who have their tax shelter investments challenged by CRA.
Did you know that the CRA completes approximately 70,000 GST/HST audits every year?
Going through a GST/HST audit from the CRA can be incredibly stressful, time consuming, and can end up being very costly. Rotfleisch & Samulovitch P.C. has years of experience helping companies navigate the CRA audit process.