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Why You Shouldn't Skip Your Taxes When You Owe the CRA

canada revenue debt taxes Mar 26, 2018

 

Owing the CRA happens when you’re in business. No brainer, right?

It is, once you learn that this is how the system works.

For new, inexperienced solopreneurs in particular – such as those with home-based side businesses- it can be a shakeup to realize that you don’t pay taxes like you used to.

 There’s no employer to deduct tax for you.

  

Moreover, if you haven’t tracked your expenses properly all year, the tax bill could be shocking.

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