Tax Doctors Canada > Income Tax Return, Tax Planning and Financial Services Case Studies

Tax Doctors Canada Tax Return Case Studies

Tax Doctors Canada Income Tax Return Case Studies - Income Tax Refund

Tax Doctors Canada and GTA Wealth Management have been helping people with their taxes, financial solutions and wealth management for years. Here are a series of tax preparation and tax planning success stories, which may one day be about you!

For you to also experience your success story with the professional certified accountants at Tax Doctors Canada, you need to Contact us via our convenient web form or call 1 855 TAX DOCS (855 829 3627) for a free no obligation consultation. Tax Doctors Canada has office locations to serve you in Mississauga, Toronto and Markham.

by The Tax Doctors

Ken's case study: Back Taxes and Kenneth | The importance of filing your taxes on time and avoiding back tax problems with the CRA | Tax Doctors Canada

Ken's case study: Back Taxes and Kenneth

Ken was very behind in filing his tax returns – about 9 years behind for his corporate tax filing.  He was behind in filing corporate tax, personal tax and Hst returns.  Not a good situation to say the least.  CRA started garnishing his wages and were going to put a lien on his house because Ken was behind in filing his personal tax returns. 

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by The Tax Doctors

Johns's case study: Back Taxes -  John Saves $60,000 at Tax Court | Tax Doctors Canada

John's case study: Back Taxes - John Saves $60,000 at Tax Court

We represented a client (John) on an informal basis at Tax Court recently and saved John approximately $60,000.  John had an interesting situation.  John’s tax returns were audited for a number of years – about four years.  He operated a small insurance business and enjoyed a bit of gambling on the side.

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by The Tax Doctors

Garry's case study: Tax Doctors Cananda saves retirees $4500 in taxes and discover possible back tax refunds of $15000| Tax Savings | Tax Refunds | Tax Returns

Garry's case study: Retirees paying too much tax unnecessarily

Two retired individuals came into to Tax Doctors Canada recently.  They have been preparing their income tax returns by themselves.  We analyzed their tax situation after preparing the tax returns to determine if there were any tax savings.  Garry had missed a tax deduction on his tax return!  This saved Garry and his wife approximately $1,500 in taxes.

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by The Tax Doctors

Gary's case study: Problems with online tax filing | income tax filing online | Online tax software

George's case study: Problems with online tax filing

Some people that we talk to at Tax Doctors Canada, state that they can do their tax returns by themselves with online tax software.  However, our astute clients realize that there is much more to an income tax return than simply inputting numbers into a tax software package.

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by The Tax Doctors

Stan's Case Study - A Non-Resident owning Real Estate in Canada | Non-Resident Tax

Stan’s Case Study: A Non-Resident owning Real Estate in Canada

Stan is a non-resident of Canada. He was living in Italy; he also owned real estate located in Canada that he was renting. Consequently, Stan had Canadian source income that was taxable in Canada. Stan had not done a tax return for four years and was aware of his tax obligation.

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by The Tax Doctors

Problem with back taxes | Karen’s Case Study - 100,000 dollar unpleasant back tax surprise from the CRA

Karen’s Case Study - Problem with back taxes: 100,000 dollar unpleasant back tax surprise from the CRA

A client showed up at Tax Doctors Canada. From the onset, one could see that the client was in deep distress. According to the CRA, Karen owed approximately $100,000 in back taxes!! Karen had no idea how she could owe this much money in back taxes and was beside herself with worry.

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by Dynamic eSolutions

Trisha's Case Study - Under pressure for the CRA for back taxes and also in need for tax planning and financial advise

Trisha's Case Study - Under pressure for the CRA for back taxes

Trisha was under pressure for the CRA for back taxes. She was behind in filing her corporate tax returns, and she also had outstanding debt that was keeping her restless at night.  Another issue was her pension plan from her former employer. She was concerned about transferring her pension plan from her former employer, and the performance of her current finanical investments.

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by The Tax Doctors

Julie's Case Study - Tax Doctors Canada removes 50 percent garnishment on Julie’s wages due to back taxes | Filing Back Tax Returns

Julie's Case Study - Tax Doctors Canada removes 50 percent garnishment on Julie’s wages due to back taxes

Julie set up an appointment with Tax Doctors Canada to discuss the seven years of personal tax returns that she had yet to file. Due to these late tax returns, the Canada Revenue Agency (CRA) had placed a 50% garnishment on Julie’s wages, to ensure that the outstanding back taxes and penalties would be paid.

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by The Tax Doctors

Cheryls Case Study US citizen in Canada working as a nurse | American citizen working in canada | US Canada Tax

Cheryl's Case Study - US citizen in Canada working as a nurse

While living in Canada, Cheryl as an American working in Canada, has been earning employment income as a nurse. Also, being a financially savvy lady, Cheryl has been earning both investment income and rental income in the United States. Cheryl was in need of U.S Canada tax services, and after much research, decided to hire Tax Doctors Canada which has a reputation for being the best in the field U.S Canada tax services.

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by The Tax Doctors

Amber's Case Study - Large income tax refund and money saving tax planning advise

Amber's Case Study - Large income tax refund and money saving tax planning advice

A recent university graduate came into our office recently.  She was well educated and embarking on her career as a nurse practitioner.  She was behind in filing her tax returns.  She also wanted some analysis on her financial planning. 

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by The Tax Doctors

Ronald's Case Study - $25,000 Hst / Gst New Housing Rebate refunded | Tax Doctors Canada Income Tax Return Filing, Finanical Services and Tax Planning Case Studies

Ronald's Case Study - $25,000 Hst / Gst New Housing Rebate refunded

The Gst / Hst new housing rebate provides a partial refund of the Gst / Hst tax paid on newly constructed houses that are used as a primary residence. The new home owner, however, has to meet certain criteria to receive the rebate and the government does audit tax payers’ situations. Ronald was being audited, and the auditor wanted Ronald to repay $25,000 of the rebate that he had received.

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by The Tax Doctors

Veronica's Case study: Personal Tax and Corporate Tax Returns| Tax Doctors Canada Income Tax Return Filing, Finanical Services, Tax Filing, Tax Preparation and Tax Planning Case Studies

Veronica's Case study: Personal Tax and Corporate Tax Returns

Veronica is a vibrant woman in her early 60’s. She had approximately $800,000 invested in a variety of financial instruments, and owns her own corporation. Veronica used Tax Doctors Canada to complete both her personal and corporate tax returns.

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by The Tax Doctors

John's Case Study - $400,000 lien removed from client’s home due to back taxes | Back Taxes, corporate income tax, Tax Filing, Tax Preparation and Tax Planning Case Studies

John's Case Study - $400,000 lien removed from client’s home because of back taxes

John was a very busy man operating his super market business. As many individuals do, he neglected to file corporate income tax returns and payroll remittances for about four years. Canada Revenue Agency (CRA) was not impressed with John.

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by The Tax Doctors

Karley and Steve's Case Study | Tax Doctors Canada Income Tax Return Filing, back taxes, Finanical Services and Tax Planning Case Studies

Karley and Steve's Case Study: Tax returns and back taxes

Karley and Steve are a happily married couple. Steve was self-employed, but had a income tax liability associated with his self-employment. When the RSP deadline date was approaching, Steve came to see the tax professionals at Tax Doctors Canada. After assessing Steve’s specific situation, a financial solution was designed for him

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