Tax audits – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Mon, 26 Aug 2024 20:48:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Tax audits – Investment Executive https://www.investmentexecutive.com 32 32 CRA updates rein in ‘overbroad’ mandatory disclosure regime https://www.investmentexecutive.com/news/industry-news/cra-updates-rein-in-overbroad-mandatory-disclosure-regime/ Mon, 26 Aug 2024 20:48:54 +0000 https://www.investmentexecutive.com/?p=491620 Administrative changes are welcome in an area fraught with uncertainty

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]]> Legal action coming to recover Covid benefit overpayments: CRA https://www.investmentexecutive.com/news/industry-news/legal-action-coming-to-recover-covid-benefit-overpayments-cra/ Thu, 27 Jun 2024 18:10:23 +0000 https://www.investmentexecutive.com/?p=488533 Actions may include taking payments from wages or bank accounts

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]]> CRA’s focus on real estate audits paying off https://www.investmentexecutive.com/news/industry-news/cras-focus-on-real-estate-audits-paying-off/ Mon, 08 Apr 2024 16:26:43 +0000 https://www.investmentexecutive.com/?p=483332 Agency assessed $2.7 billion in additional tax and penalties from 2015 to 2023

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]]> CRA claws back $458 million in pandemic-era wage subsidies after partial audit https://www.investmentexecutive.com/news/from-the-regulators/cra-claws-back-458-million-in-pandemic-era-wage-subsidies-after-partial-audit/ Mon, 20 Nov 2023 20:10:54 +0000 https://www.investmentexecutive.com/?p=475670 Most adjustments were related to calculation errors and lack of documentation rather than ineligibility

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]]> Help clients get value from tax prep services https://www.investmentexecutive.com/insight/columns/help-clients-get-value-from-tax-prep-services/ Wed, 23 Aug 2023 19:00:31 +0000 https://www.investmentexecutive.com/?p=470491 Amid automatic tax filing, a proactive approach is required

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]]> CRA removes guidance flagged by Taxpayers’ Ombudsperson https://www.investmentexecutive.com/news/industry-news/cra-removes-guidance-flagged-by-taxpayers-ombudsperson/ Fri, 14 Jul 2023 16:30:44 +0000 https://www.investmentexecutive.com/?p=468734 Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor

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]]> IRS collects $38 million from more than 175 high income tax delinquents https://www.investmentexecutive.com/news/research-and-markets/irs-collects-38-million-from-more-than-175-high-income-tax-delinquents/ Fri, 14 Jul 2023 15:21:35 +0000 https://www.investmentexecutive.com/?p=468756 Agency appears to be making a case for sustained funding as it tries to avert budget cuts

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]]> Shopify to fight CRA request for six years of merchant tax records: CEO https://www.investmentexecutive.com/news/from-the-regulators/shopify-to-fight-cra-request-for-six-years-of-merchant-tax-records-ceo/ Mon, 26 Jun 2023 19:43:04 +0000 https://www.investmentexecutive.com/?p=467979 Government said records were being sought to verify that merchants were obeying tax acts

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]]> Quebec advisor wins expense deduction case https://www.investmentexecutive.com/newspaper_/comment-insight/quebec-advisor-wins-expense-deduction-case/ Mon, 08 May 2023 04:01:00 +0000 https://www.investmentexecutive.com/?p=464694 Revenue agency initially denied expenses for sponsorship of cycling team

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]]> How can you amend a broken tax return? https://www.investmentexecutive.com/newspaper_/special-report-on-taxes/how-can-you-amend-a-broken-tax-return/ Mon, 13 Mar 2023 04:06:00 +0000 https://www.investmentexecutive.com/?p=461526 Clients can make corrections on previously filed documents through online channels or using a paper form

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