Monthly Archives: November 2008

Do I Need a Tax Lawyer?

Posted on by

When you are dealing with tax problems, it brings a lot of stress, especially when you do it on your own. In order to solve your problems, you have to be aware of the taxation process and know how the CRA operates.

You will have to spend a lot of time, learning the complex taxation process and ways to solve tax problems and still there will be no guarantee, because experience is required to deal with the CRA. So, it is wiser to save your time and money and choose a tax audit lawyer. Statements, that you make to your lawyer will not be revealed to the CRA or anyone else. CRA tax investigators are trained to contact a taxpayer’s accountant if a tax fraud is suspected. They can even force him to testify against you.

Tax Lawyers are experienced in analyzing tax problems and finding “holes”, they can legally use to protect your money. The tax law is really complex. It will be very difficult to do it on your own. The CRA agents may seem helpful and friendly, but when it is about tax debt, they become your enemies. Without professional tax help, you may end up loosing a lot of your money or even criminally prosecuted. This is not a field to take a chance. You should not give up and give them your money. The CRA is concerned with winning the case and you will need a professional tax lawyer with experience, skills and tools to protect you and your family.

The skills like: tax knowledge (tax regulations, tax law, litigation procedures, rulings, audit procedures, tax court cases, appeal procedures, collection procedures), litigation skills, legal knowledge, negotiation skills, business knowledge (financial training, accounting, business training to understand business aspects of your tax case).

Getting Through School With Student Loans and Grants

Posted on by

Financial support to finish school is perhaps one of the most difficult obligations that most parents have to their kids. At present time, school tuition has ballooned to such great extents to the point that parents find it almost impossible to fund their kids through university, let alone through college. Some parents start early with respect to the education needs of their children by availing of several education plans that would cover their children’s college and university studies, if not their primary school and high school. However, despite preparing for their children’s education early unforeseen factors contributing to increasing tuition costs force parents and students to simply forego advanced studies and just settle for lower educational attainments. Luckily though, there are numerous programs loans that can be acquired by students in order to continue with their studies at present time.

In planning to pursue further studies, there should be other options to consider aside from just relying on savings. Savings take time to collect the necessary funds for paying off college and university tuition fees so complete reliance on them is much like taking a huge gamble. Subscribing to college educational plans also sound appealing but with the way the economy behaves, there is no telling just how stable educational plan companies really are so this, too, is a big risk move. With student loans and grants though, things are a lot different.

How do student loans and grants work?

To begin with, there are two different things. Student loans are made through institutions that have money lending capabilities such as banks and cooperatives. Banks usually have certain rates that they follow when approving a student loan and the payment for these loans are also quite comprehensive. Study grants are, on the other hand, forms of subsidy for educational purposes. These grants are not repaid the same way with student loans and the issuance of grants is actually quite competitive among applicants that a set of criteria has to be met in order to avail of them.

No such thing as a free meal. What’s the catch behind student loans and grants?

Well frankly speaking, there isn’t much of a catch behind student loans; it’s just that you have to repay student loans by paying by installment or at particular deadlines for the amount of money you were loaned. Since this is a loan, it shares the same features as a regular loan and thus, there will be interests to be paid. In short, you will have to pay extra. As for study grants, the way you are to repay the grant greatly varies depending on the terms of the grant. In some cases, students are asked to render services to their receiving institution/school as volunteers or assistants (i.e. library assistant, computer room attendant, etc.). Other grants require their grantees to serve in their home country for a specific duration.

Which schools accept funding through student loans and grants?

Just about any school (mostly private) will entertain funding methods such as loans and grants. As long as the tuition can be paid using these methods, there’s no reason why schools shouldn’t allow students to apply.