Unpaid Back Taxes in Vancouver

Accountants-BC Ltd. provides tax preparation services for unpaid back taxes in Vancouver and the surrounding area. With years of experience, we’ve set ourselves to be a trusted, tested, and dependable service provider. We offer compassionate advice, non-judgmental guidance, and a complete range of services to help our clients. With us at your side, you’ll be on the way to a future free from tax debt in no time.

To schedule a no-obligation consultation with one of our agents, call us at (604) 683-2341 today.

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What Are Unpaid Back Taxes?

Unpaid back taxes are taxes that an individual or business owes to the government but hasn’t yet paid. These taxes typically arise from failing to file tax returns, underreporting income, or claiming incorrect deductions or credits, resulting in a tax debt owed to the Canada Revenue Agency (CRA).

What Happens If You Don’t Pay Back Taxes?

Unpaid back taxes can accrue interest and penalties if left unresolved, potentially leading to financial strain, legal consequences, and other negative repercussions. It’s essential to address unpaid back taxes promptly to prevent the situation from escalating and to minimize the impact on your financial well-being.

Individuals and businesses with unpaid back taxes should take steps to resolve the issue, including filing any outstanding tax returns, paying the taxes owed, or negotiating a payment plan with the tax authority. Seeking assistance from tax professionals or the relevant tax authority can help individuals navigate the process and explore options for resolving unpaid back taxes.

Can I Still Receive Government Benefits and Credits If I Have Unpaid Back Taxes?

Eligibility for receiving government benefits and credits while having unpaid back taxes can vary depending on the specific benefit or credit program and the individual’s overall tax situation.

Here’s a general overview:

  • Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit: If you haven’t paid your back taxes, you may still be eligible to receive the GST/HST credit. The Canada Revenue Agency (CRA) may use GST/HST credit payments to offset your outstanding tax debt.
  • Canada Child Benefit (CCB): You may still be eligible to receive the CCB. The CRA may use any CCB payments to offset your outstanding tax debt.
  • Other Benefits and Credits: Some other government benefits and credits, like the Working Income Tax Benefit (WITB) and various provincial and territorial benefits, may also be affected by unpaid back taxes. The CRA may use payments from these programs to offset your outstanding tax debt.

It’s important to note that the CRA can garnish government benefits and credits to recover unpaid taxes owed. The CRA may apply these payments toward your outstanding tax debt if you have unpaid back taxes and receive government benefits or credits.

Will I Get a Refund if I Owe Back Taxes?

When you owe back taxes, any tax refund you may be entitled to will typically be applied to offset your outstanding tax debt.

Here’s how it works:

  • Offset of refund: When you file your return and are eligible for a tax refund, the Canada Revenue Agency may apply that refund to any unpaid taxes you owe from previous tax years.
  • Remaining balance: If your tax refund is sufficient to cover your unpaid back taxes, the CRA will apply the refund to your tax debt, and you’ll receive any remaining refund amount. When your refund is less than the sum of your outstanding taxes, the CRA will apply the refund to your debt, and you will still owe the remaining balance.
  • Interest and penalties: If you owe back taxes, interest and penalties may continue to accrue on the unpaid balance until it’s paid in full.

Compassionate Guidance from the Back Tax Specialist

Unpaid taxes can have severe consequences. Fortunately, we’re here to help.

We provide caring advice and compassionate guidance for all those who have not paid their taxes on time. Our office is a safe space—confidential, professional, and free from judgment of any kind—where you have the right to be heard and helped. Whether you are an individual or a business, we’ll help you find the right course of action for your situation.

As a tax specialist in Vancouver, we offer a full range of services to help with every back tax issue. Whether you are an individual or a business, you can take advantage of our sound advice, timely service, and professional expertise. No matter your situation, we are confident we can find a solution that works for you.

We can help you with:

  • Filing late tax returns
  • Delinquent tax returns
  • Unpaid taxes
  • Personal income tax returns
  • Business tax returns
  • Tax debt relief
  • Tax planning
  • Resolving tax controversy
  • Avoiding tax penalties
  • ...and more

Filing Back Taxes: Fast, Affordable, Dependable

Back taxes can be notoriously fickle to file. At Accountants-BC Ltd., we make it nothing but a breeze.

We provide a personalized, boutique experience where our customers’ needs come first. In doing so, we offer a full suite of services to help you file your late taxes quickly and at an affordable price. We take the stress out of the equation, handling the whole process ourselves so that you don’t have to. All we’ll need from you is a few essential documents. After that, we take care of the rest. You’ll be able to get on with your day-to-day schedule, knowing that your tax return is in safe hands.

As a tax agency, we maintain the highest standards for the professional conduct of our staff. When filing a tax return, we work with care, caution, and the utmost concern for our clients’ well-being. We ensure all data we process is safe, confidential, and correct.

Rest easy: With us, you have a tax professional you can trust.

Resolve Your Tax Debt with Accountants-BC Ltd.

Your financial well-being is our priority. If you have unresolved tax debt, we can help you find a way to pay it off without overburdening yourself.

We’ll start by developing a comprehensive strategy: We’ll look for ways to alleviate your tax burden, mitigate penalties on your late taxes, and improve your overall financial outlook. We can help you determine if tax debt relief is in your best interests, and what form of relief you need. With our advice and assistance, you’ll discover the path to a bright and successful future, free from tax debt.

Owe Back Taxes in Vancouver?

Get in Touch Today

Don’t hesitate. If you need help filing back taxes, you can count on us to lend a helping hand.

To schedule a consultation, contact us today.