Business Hours
Monday 9:00am - 6:00pm
Tuesday 9:00am - 6:00pm
Wednesday 9:00am - 6:00pm
Thursday 9:00am - 6:00pm
Friday 9:00am - 6:00pm
Rotfleisch & Samulovitch P.C. - Toronto Tax Lawyers
Listed In: Legal Services
If you have not filed your Canadian tax returns, or if you have filed them and CRA believes that you have not reported all of your income, they may issue a new worth assessment. They take two financial snapshots, one at the start of the audit period and one at the end. They add your reported income… If you have not filed your Canadian tax returns, or if you have filed them and CRA believes that you have not reported all of your income, they may issue a new worth assessment. They take two financial snapshots, one at the start of the audit period and one at the end. They add your reported income and expenditures to the opening financial position and subtract loans. If the amount is less than your closing net worth they will assess you for tax, penalties and interest on the difference. Net worth assessments require an understanding of the accounting behind the CRA calculations and the proper inclusions and exclusions from the opening and closing balances. Our firm has a track record of fighting these assessments. Read more
Rotfleisch & Samulovitch P.C. - Toronto Tax Lawyers
2822 Danforth Ave, Toronto, ON
2822 Danforth Ave, Toronto, ON
Additional Locations See All
Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue, Toronto, ON (1 Km Away)
Rotfleisch & Samulovitch
390 Bay St #1600, Toronto, ON (8 Km Away)