• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

My Friend hasn't paid Canadian Sales Taxes since 2014. Next steps?

Discussion in 'General Entrepreneur Discussion' started by jesseissorude, Jan 16, 2018.

Tags:
  1. jesseissorude
    Offline

    jesseissorude Silver Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

    Messages:
    266
    Likes Received:
    554
    Joined:
    Jun 12, 2014
    Gender:
    Male
    Location:
    Nashville
    Rep Bank:
    $2,191
    Title says it all. He hasn't filed 2014-2016 (but paid 2017)

    He doesn't have a big business... just a one man consulting gig editing videos.

    Canadian Revenue Agency called him and he owes between CAD$4.5k-6k.

    I'm trying to help him out with advice, but I'm in the USA and have no experience with this situation (knock on wood!).

    Any recommendations? Is it possible to work with them to negotiate it down in exchange for faster payment? Should he call someone specific (lawyer, accountant, etc)?
     
  2. Ninjakid
    Offline

    Ninjakid Platinum Contributor Speedway Pass

    Messages:
    1,697
    Likes Received:
    3,518
    Joined:
    Jun 23, 2014
    Location:
    Canadianadanada
    Rep Bank:
    $12,066
    Tell him to give them a call, they can work something out. He'll have to pay them what he owes, but taxes in Canada are generally pretty chill.

    For future reference, he should get an accountant if he's making bank and needs to pay tax.
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page