cra – Financial Resource

Late Income Tax Returns and Bankruptcy in Canada

February 6, 2012 by admin

Many Canadian taxpayers who fail to file a tax return for a year or two become afraid to file their tax returns because of the financial consequences that will follow. They know that once they file their returns and declare their income, the CRA is not only going to assess an amount of income tax … Read more

Account Number Morphing – Still Another Barrier to Accurate Consumer Credit Reporting

April 13, 2011 by admin

The Federal Credit Reporting Act [“FCRA”] makes it mandatory for Credit Reporting Agencies such as Experian, Equifax and Trans Union “to follow reasonable procedures to assure maximum possible accuracy of the information in the [consumer’s credit] report….” A willful and negligent failure to do so is violation number 1 of the FCRA. One wonders then … Read more