Tips On How To Avoid Tax Frauds in Canada

Tips On How To Avoid Tax Frauds in Canada

Over the years Canada has become the most desirable country for people to immigrate to because of its high quality of living standards and the vast opportunities that are present for people from different countries and ethnicities. Many people have moved from the US to Canada in search of better jobs and good fortune which also brings the problem of tax filing and avoiding tax frauds that are on the rise for a few years.

People often try to dodge their governments by trying to evade taxes but what they don’t know is that tax dodges can get them into trouble while filing taxes and knowing about the benefits provided by the governments can actually help them get tax reduction benefits. If you are an expat in Canada and want to get some relief in your taxation, but don’t know the procedures then you need to consult an expat tax consultant in Canada. They can not only guide you on how to pay your taxes as an expat but also help you get tax reductions.

Here are some tips on how to evade tax fraud in Canada.

File Your Tax Early To Avoid Inconvenience

When the time for tax collection and returns comes, all the identity thieves become active and start filing paperwork in the names of other people. This is why it is important that you file all your papers quickly and before time so that someone else won’t be able to steal your identity and file tax returns in your name.

Such incidents often happen with people who have by mistake compromised their identity i.e. by providing their tax filing number to someone or having a data breach previously. People who have reason to believe their data has been compromised should file their returns as early as possible.

Beware Of Scams

Chartered Professional Accountant in Calgary, Alberta, Canada

People often get calls from a scammer claiming to be from the Internal Revenue Service (IRS) demanding personal information from people. If such a thing happens to you, don’t give any of your personal information and report the call because it’s probably a scammer calling. The IRS only contacts you through their official email so that there is always a record of your conversation.

Hire A Reliable Tax Consultant

When you go to a tax consultant, always make sure you hire the one that has proper IRS credentials. You should also request their full name and tax certification documentation in order to make sure they have enough experience in tax consulting and are authentic people. You should also attach their credentials with your documents. The same goes for the people who are hiring an expat tax consultant in Canada.

Never Give Your Social Security Number To Anyone

Your social security number is very confidential and this is why you shouldn’t even roam around with it in your pocket. And if it is required on any forms or documents always ask the company why they need it before penning it down on a form.