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Karley and Steve are a happily married couple. Steve was self-employed, but had a income tax liability associated with his self-employment. When the RSP deadline date was approaching, Steve came to see the tax accounting professionals at Tax Doctors Canada. After assessing Steve’s specific situation, a financial solution was designed for him.
When you file your income tax return, and it gets processed, does it end there? Is that tax year behind you for good? Unfortunately, it isn’t. The Canada Revenue Agency is allowed to go back and look at your previous tax returns and perform reassessments, if they so choose.
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