Penalty & Interest Mitigation
Reduce CRA Penalties & Interest Charges on Overdue Taxes
If your business has missed tax deadlines, failed to file returns, or owes outstanding taxes, the Canada Revenue Agency (CRA) may impose hefty penalties and interest charges. These additional costs can quickly add up, making it harder for your business to recover financially.
At Westview Accounting & Tax Services Inc., we specialize in penalty and interest mitigation strategies for businesses in North Vancouver, BC. We help you reduce or eliminate CRA penalties, negotiate tax relief, and create manageable payment solutions to get your business back on track.
What Are CRA Penalties & Interest Charges?
Late Filing Penalty
If you miss the corporate tax filing deadline, the CRA charges 5% of the balance owed, plus 1% for each additional month (up to 12 months).
Late Payment Interest
Interest is charged daily on unpaid taxes, compounding until the balance is cleared.
Failure to Remit Payroll or GST/HST
Unpaid payroll deductions or sales tax can result in severe CRA penalties.
Repeated Late Filings
If you have multiple years of late tax filings, penalties can double, increasing financial strain.
Failure to Respond to CRA Requests
Ignoring CRA notices can escalate penalties and trigger legal collection actions.
TIP: Ignoring penalties and interest will not make them go away—proactive tax relief solutions can help reduce your financial burden.
How Westview Helps You Reduce CRA Penalties & Interest
Penalty & Interest Assessment
We review your CRA account, identifying which penalties and interest charges can be reduced.
Taxpayer Relief Applications
We help you apply for CRA penalty relief programs, potentially eliminating or reducing penalties due to financial hardship, CRA errors, or extraordinary circumstances.
CRA Payment Plan Negotiations
We negotiate with the CRA to create manageable payment schedules, allowing you to clear your tax debt without financial strain.
Voluntary Disclosures for Penalty Reduction
If you have unfiled tax returns or errors in past filings, we may be able to correct them under the CRA’s Voluntary Disclosure Program (VDP) and reduce penalties.
Strategic Tax Planning to Prevent Future Penalties
Once your penalties are resolved, we implement tax strategies to keep your business fully compliant moving forward.
How Westview Helps You Reduce CRA Penalties & Interest
Penalty & Interest Assessment
We review your CRA account, identifying which penalties and interest charges can be reduced.
Taxpayer Relief Applications
We help you apply for CRA penalty relief programs, potentially eliminating or reducing penalties due to financial hardship, CRA errors, or extraordinary circumstances.
CRA Payment Plan Negotiations
We negotiate with the CRA to create manageable payment schedules, allowing you to clear your tax debt without financial strain.
Voluntary Disclosures for Penalty Reduction
If you have unfiled tax returns or errors in past filings, we may be able to correct them under the CRA’s Voluntary Disclosure Program (VDP) and reduce penalties.
Strategic Tax Planning to Prevent Future Penalties
Once your penalties are resolved, we implement tax strategies to keep your business fully compliant moving forward.
Why Work with Westview Accounting & Tax Services Inc.?
At Westview Accounting & Tax Services Inc., we combine deep expertise with personalized service. Our team takes the time to understand your unique financial situation and offers tailored advice to ensure your return is accurate, compliant, and optimized for maximum refunds. We don’t just file your taxes—we help you plan smarter for the future. Whether you’re a newcomer, business owner, or retiree, you can trust us for clear guidance, strategic savings, and peace of mind all year long.
Specialized in CRA Penalty & Interest Reduction
We help North Vancouver businesses resolve tax debts while minimizing financial damage.
Prevent Bank Garnishments & CRA Legal Actions
Our proactive approach stops CRA collection measures before they escalate.
Tailored Tax Debt Solutions
We develop custom repayment strategies based on your business’s financial situation.
Full-Service Business Tax Support
Need corporate tax filing, bookkeeping, or compliance services? We offer comprehensive tax solutions.
Don’t Let CRA Penalties & Interest Weigh Down Your Business!
If you’re struggling with outstanding taxes, late filing penalties, or growing CRA interest, let Westview Accounting & Tax Services Inc. help you negotiate tax relief, reduce penalties, and regain financial stability in North Vancouver, BC.
Contact Us Today! Get expert CRA penalty and interest mitigation services!
Westview Accounting provides trusted accounting, tax, and bookkeeping services across North Vancouver and Surrey. We help individuals and businesses stay compliant, informed, and financially confident.
our services
Business Registration & Setup
Business Tax Preparation & Filing
Business Tax Planning & Optimization
Bookkeeping & Payroll
CRA Compliance, Audits & Dispute Resolution
Personal Tax Preparation & Filing
Personal Tax Planning & Optimization
CRA Compliance, Audits & Dispute Resolution
Surrey Address
208 – 7928 128 Street,
Surrey, BC V3W 4E8
North Vancouver Address
202 – 1451 Lonsdale Ave,
North Vancouver, BC V7M 2H9
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