Once CRA takes it this far, you’re not talking your way out of it.
The move is a payment plan.
They usually want the balance split over 12 months.
Can’t cash-flow that?
They’ll request your bank statements and go through your spending line by line.
Still don’t have the money for the taxes?
That’s when it becomes a consumer proposal or bankruptcy conversation.
And if they already seized the bank account?
Payroll. Suppliers. Rent. It gets extremely hard to operate.
Worse — if your clients get an RTP, that’s a garnishment.
CRA tells them to pay Ottawa, not you.
It’s embarrassing. Most clients would rather just deal with someone else.
Thinking of selling the truck, the house, the equipment for cash?
If CRA’s already on it, they might get first dibs on the money.
Still fly doesn’t matter when the account’s frozen and your clients are paying the CRA.
File the years before they file on you.
Gurdeep Sangha
Need to get caught up on your business bookkeeping and tax filings? All while providing clear financial data to help drive smart business decisions.
We are savvy bookkeepers that utilize cloud-based technology to help entrepreneurs and business owners say goodbye to data entry, number crunching, tax issues, and cash flow worries. Our approach allows you real-time access to your financial information so you have exactly what you need to make those critical business decisions. We believe in making accounting automated, efficient, and providing c
Stage 2 of 3. 152(7) = CRA invents your return and bills you. We rebuild the real filing and deal with CRA before Collections. Book a call. Not legal advice.
Stage 1 of 3.
A CRA Demand to File is a legal deadline.
Ignore it and they build the return without your expenses.
We do catch-up filings for businesses that fell behind. Book a call. Not legal advice.
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We’ve always believed our job is to help business owners win — not just keep their books clean.
Right now a lot of Canadian businesses are struggling. And if sales are low, even the best bookkeeping in the world can’t fix the real problem.
That’s why we’re expanding.
We’re now helping our clients with full lead generation through Meta ads.
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We run and monitor the ads.
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If you need help with your sales pipeline, let’s talk.
When the CRA calls… Sansar’s Angels answer. 😎📞
5 years behind. No receipts. $500K assessment.
But you’ve got the bank statements?
Perfect. We can work with that. 😂
Fighting CRA assessments one bank statement at a time. 💻📑
Main reasons people choose inFlow
1)Much easier to use
The interface is cleaner and less overwhelming. Most teams can get productive quickly without heavy training.
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You get solid core inventory features (purchasing, sales orders, multi-location, barcode scanning, stock counts, pick/pack/ship) at a lower price than Unleashed or Cin7 Core.
3)Better support experience
inFlow is frequently praised for responsive support and having a dedicated Customer Success Manager on higher plans. Many users feel Unleashed and Cin7 are more “enterprise” in both price and support style.
4)Good enough for most real-world needs
If you mainly need to track stock accurately, create purchase & sales orders, do stock counts, and fulfill orders (especially with Shopify/WooCommerce), inFlow handles it very well without the extra complexity.
5)Strong e-commerce integrations
Native connections with Shopify, WooCommerce, Amazon, etc., work smoothly for most sellers.
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Most business owners stare at their P&L and still don’t know what to actually do with it.
They see revenue going up or down… but they miss the real levers that actually build (or destroy) profit.
Here’s the truth:
There are only 3 numbers that actually matter on your P&L — and each one can be moved deliberately.
Lever 1: Revenue Growth
Top line growth looks good on paper, but it’s meaningless if it’s not profitable.
In the real 3-year example: Revenue dropped 28.6% in Year 2… then grew again in Year 3.
How to actually affect it:
→ Raise prices (most businesses are underpriced)
→ Fire low-margin or difficult clients
→ Improve your sales process and conversion
→ Add higher-value services instead of chasing volume
→ Focus on retention + upsells instead of constant new customer acquisition
Lever 2: Gross Margin %
This is where you either make or lose power.
It shows how much you actually keep after direct costs.
In the example: Gross margin jumped from 50% → 70% in Year 2 (even while revenue dropped). They protected profitability.
How to improve it:
→ Increase prices (even 5-10% moves the needle)
→ Reduce direct costs (better suppliers, negotiate harder)
→ Improve operational efficiency
→ Shift your mix toward higher-margin offerings
→ Stop discounting just to win business
Lever 3: Net Income Margin %
This is the only number that actually builds wealth.
In the example: Net profit went from $70K (5% margin) → $200K (20%) → $253K (23%) — nearly 4x profit while revenue was lower than Year 1.
How to increase it:
→ Ruthlessly cut unnecessary OpEx
→ Automate or outsource low-value work
→ Review every expense with one question: “Does this directly drive profit?”
→ Improve gross margin (it flows straight to the bottom line)
→ Only spend when the ROI is clear
Revenue is vanity.
Gross Margin is sanity.
Net Income is reality.
Every time you look at your P&L, ask yourself:
Is my gross margin getting better or worse?
Is my revenue growth actually profitable?
Where is my money leaking in OpEx?
Fix these three levers and everything else gets easier.
Save this for your next P&L review 👇
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