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The following is now available on the CRA Web site:

Ottawa, Ontario, January 8, 2008… You cannot avoid paying the taxes you owe by not filing a tax return, or by not reporting all of your income.

The Canada Revenue Agency (CRA) uses a variety of tools to identify non-compliance and take action to address mistakes or tax cheating.

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The following is available on the Canada News Site

Begin the New Year with a clean slate and a clear conscience!

Ottawa, Ontario, January 3, 2008… Did you fail to file an accurate tax return or not file at all, but should have? The Canada Revenue Agency’s (CRA) Voluntary Disclosures Program may be able to help. The program allows people to come forward and correct their tax information and avoid being penalized, criminally investigated and prosecuted.

Last year the CRA processed 8,244 disclosures for taxpayers who used the Voluntary Disclosures Program and got a second chance to comply with their tax obligations. Coming clean saved these taxpayers from an audit or a criminal investigation, which can result in penalties, fines, and even jail time. Their valid disclosures involved more than $525 million in taxes.

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The following is available on the Canada News Site …

Image and Article Source: Canada Newsroom

Conservative government fulfills commitment to reduce GST to 5%

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A Good Find …

If you live in Canada and are curious .. check out the “Canadian Tax Tips Calculator” .. enter some financial information, and print out the report!

CLICK HERE: Canadian Tax Tips Calculator - Everywhere Except Quebec

CLICK HERE: Canadian Tax Tips Calculator - Quebec only

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