How do Canadian immigrants respond to the tax inspection of the tax bureau

How do Canadian immigrants respond to the tax inspection of the Inland Revenue Department? Not all Canadian immigrants will face tax inspection by the Inland Revenue Department, but if they have to face spot checks, I remind Canadian immigrants to avoid the trouble of tax inspection by the Inland Revenue Department. The first thing to do when filing tax returns is to do your homework:

Free study abroad assessment, free immigration assessment and free visa assessment.

1. Now many people use tax filing software to file their own tax returns on the computer, but after filling out the tax payment form, they send it out without careful inspection. Once uploaded, it can't be retrieved, so check it carefully before sending it and do a good job of guaranteeing the bottom.

2. When declaring income, you should not only declare wage income, but also declare bank interest, dividends and overseas income (such as overseas rental income), which is easy to be found. Therefore, the income part should be listed first.

3. If the self-employed lose money for many years in a row, it will attract the attention of the tax bureau. If someone has reported a loss for four years, the tax bureau will naturally wonder why he has been operating this business.

The tax bureau will also judge the actual operation of the business according to the data of the Bureau of Statistics. It is also doubtful if the gross profit of restaurant operation is usually 58%, but the taxpayer is less than 50%.

5. Don't delay the tax return, so the punishment is also very severe, and it goes back many years without an upper limit.

6. The items declared by the self-employed should be reasonable. If someone keeps all the receipts for eating out as meals, but many of them belong to their own family or go out to eat with relatives and friends, it has nothing to do with business at all, and you can also check them.

7. Some people who work in service industries such as restaurants don't tip, and many of them are investigated.

Especially now, there are more and more credit card payments, and the amount of tips is clearly written. Some people only charge more than 10000 for their credit cards, but only report a tip of 3000, which will not only be investigated by the tax bureau, but also be sued in court.