Archive: November 19, 2020

income, tax

Taxpayer Relief in Canada – Do I Qualify

Mar 9, 2022 by turbotaxlogin 0 Comments


If you have a tax problem in Canada, repercussions with the Canada Revenue Agency can be severe. If you filed your income taxes late or committed an infraction under the Canadian Income Tax Act, like failing to disclose income or writing off expenses that you weren’t entitled to, the Canada Revenue Agency has incredible power to punish you. By far the most common weapon that they use to punish you is your pocket book.When an income tax return is filed late and the CRA assesses what you owe, or a previously filed return is re-assessed and new monies are owed, the CRA will add interest and penalties to the amount of the tax debt that you owe. Often times, when an individual has a tax debt, the amount that they owe will double in size once the interest and penalties are calculated.Sometimes individuals have personal circumstances that led to their tax problem which is why taxpayer relief in Canada exists.

Taxpayer relief in Canada is a formal program offered by the Canada Revenue Agency where the CRA can agree to cancel all or part of the interest and penalties. You can qualify under the Taxpayer relief program in Canada for one of the following reasons:A natural disaster like a fire or flood. For example, you misstated expenses resulting in an inaccurate return filing because your basement flooded and all of your receipts were financial hardshipA documented personal issue like a medical problem or death in the familyAn error on the part of the CRAThe only challenge with the Taxpayer relief program in Canada is that it is a long and complicated process and very few applications under this program are granted. To hire a professional to make an application under this program could cost you thousands. In addition, the CRA will not reduce the principal tax debt owed. The CRA does not offer any program that will reduce the principal tax debt that is owed.Before considering making an application under the Taxpayer relief program in Canada you may want to first look at the principal amount of the tax debt you owe and whether you can afford to pay it off at all. Often people who owe a large tax debt are not even in a position to pay it, regardless of whether or not they receive interest and penalty relief under the Taxpayer relief program in Canada.

The longer you stretch out the time that you have a tax problem, the worse the tax problem will become. If the application under the Taxpayer relief program in Canada is denied, you will owe further interest that will have accumulated through the application period. The CRA will also continue to try to collect on the principal tax debt owed.There are other financial programs available that will freeze the interest on the tax debt that you owe and can even eliminate or reduce interest, penalties and the principal tax debt that you owe. These programs can also stop CRA collection action and provide you with immediate relief. These programs are not available through the Canada Revenue Agency, however you may access them through a financial consultant who works with people who have debt problems.

income

Bets on tennis: what a bettor needs to know

Mar 7, 2022 by turbotaxlogin 0 Comments

Tennis is a very popular discipline in betting among experienced players and beginners. The latter like the absence of a draw, which makes it easier to predict the possible outcome, and the professionals like the diversity of the market. To make money with betting, it is important to use predictions or make them yourself. The World Wide Web is full of offers, but not all of them match your expectations, so beginners should choose carefully.

It is better to search for basketball predictions and today on the sites of legal bookmakers or on information resources, such as Scores24, where only fresh, verified and relevant material is posted. In addition, you can find news, statistics and a lot of other useful information here. Access is completely free.

Why you should read predictions

Not all players use predictions, some rely on luck, but still the majority of bookmakers’ customers use the materials of expert articles in their gaming practice – some on a regular basis, others periodically. In fact, the role of predictions is very significant, thanks to their study you can actually increase the chances of a bet being passed. It is worth to specify that the prediction is an article, the author of which shares his opinion about the most probable outcome of the upcoming meeting. Predictions are made on the basis of analysis of a large amount of information and by mathematical calculations. Thanks to predictions:

  • the amount of work with analytics is reduced;
  • you spend less time searching for statistical data;
  • there is access to new facts that can influence the outcome of the meeting;
  • it becomes possible to compare your own observations and information with other people’s opinions, and then draw conclusions about what was missed in your own work.

It is important for every player to remember not to completely trust other people’s predictions, because mistakes can be made by anyone, even professionals. They are not a direct guide to action, but recommendations and assumptions from experts about the upcoming game. It is better to use them as additional information material for your own analysis and prediction.

What are the peculiarities of tennis betting

Tennis is an individual sport.  Tournaments are held every day, except for a couple of weeks in mid-December, when the vacations begin. And even in that time there may be lesser-known championships, so tennis betting fans do not get bored. And due to the fact that this sport is quite popular, you can find a lot of information on the Internet. Tennis has a number of features that you need to know when making predictions:

  1. It is necessary to bet carefully on the favorite, because a strong tennis player may have a more important tournament on the horizon, which means he will save his strength at the beginning of the game.
  2. When making a prediction, it is necessary to take into account the players’ physical condition. Do not forget about the fact that only two sportsmen are playing on the court, and no substitutions are provided. It is worth paying attention to injuries, even minor ones. They can play a cruel joke at the most inopportune time.
  3. Rankings in the standings play an important role. With its help you can understand the current strength of tennis players. The peculiarity is that behind high positions in the rankings there are wins in prestigious championships.
  4. In live mode, it is important to watch the serves of the players. If one of them loses serves, there is no need to bet on his winnings.

The data used to make a prediction not only reduces the probability of losing, but also improves knowledge about a given sport discipline.

Predictions contain a lot of important information. If you apply them correctly, you can not only make money on bets, but also build up your own knowledge base that will help you make bets in the future.

What to keep in mind when making a prediction

To make a high-quality and most accurate prediction, the player needs to take into account the factors that affect the outcome of the match. These include:

  • tournament level;
  • physical and emotional condition of the players;
  • type of court surface on which the tournament will be held;
  • face-to-face meetings of opponents;
  • the psychological stability of the sportsmen;
  • expected weather conditions;
  • motivation;
  • statistical data.

These are the main factors that are important not to forget. But for greater efficiency, it is better to consider additional ones as well. For example: the coaching staff, the relationship with other players, the length of breaks between matches.

If you take all factors into account when making your own predictions, you can independently make good conclusions about the upcoming meeting. With experience, the process will go faster, and the luggage of knowledge will increase significantly, which will positively affect the performance of the game on the bets.

The best prediction is the one that is made independently, taking into account all possible nuances. It is better to educate yourself and carefully analyze the games and information than rely on expert opinions. Only with experience you will understand that careful information is the key to success. And, of course, you should not forget about controlling your emotions and bankroll.