kingtravel
New member
Well, the calls from the CRA have officially started. About once a week right now, looking for some anecdotes or professional advice on what my best course of action is.
Bullet notes:
Is the CRA coming after me? (soon?)
Also, am I correct in understanding a GST bill can be "reduced" like income can? (IE; I owe $4000 in GST but I spent $1500 in GST over the course of the year, does this reduce my GST bill to $2500?)
Any pertinent info or experience in a similar situation would be very welcome. Thanks in advance.
Bullet notes:
- Oilfield contractor living in Calgary, first year of incorporation was 2014.
- Have never missed a filing in my life as an employee, never been audited.
- Earned ~85k gross last year, over about 120 days of work.
- Collected 5% GST on that sum.
- That money has been all but spent, paying off debt/expenses.
- Have not filed personal, or corporate returns for 2014 tax year.
- Am "laid off" and working menial jobs to just keep the lights on.
Is the CRA coming after me? (soon?)
Also, am I correct in understanding a GST bill can be "reduced" like income can? (IE; I owe $4000 in GST but I spent $1500 in GST over the course of the year, does this reduce my GST bill to $2500?)
Any pertinent info or experience in a similar situation would be very welcome. Thanks in advance.