Tax audits – Investment Executive

CRA doubles number of identified global high-wealth groups over 5 years

michelleschriver — Mon, 11 Nov 2024 20:04:35 +0000

CRA has identified more than 2,500 groups that belong to the GHW population

michelleschriver — Tue, 05 Nov 2024 19:00:00 +0000

If proposals pass, CRA can impose harsh new penalties and compel taxpayer testimony under oath

melissa — Mon, 26 Aug 2024 20:48:54 +0000

Administrative changes are welcome in an area fraught with uncertainty

michelleschriver — Thu, 27 Jun 2024 18:10:23 +0000

Actions may include taking payments from wages or bank accounts

melissa — Mon, 08 Apr 2024 16:26:43 +0000

Agency assessed $2.7 billion in additional tax and penalties from 2015 to 2023

Mark — Mon, 20 Nov 2023 20:10:54 +0000

Most adjustments were related to calculation errors and lack of documentation rather than ineligibility

michelleschriver — Wed, 23 Aug 2023 19:00:31 +0000

Amid automatic tax filing, a proactive approach is required

rudy — Fri, 14 Jul 2023 16:30:44 +0000

Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor

allan — Fri, 14 Jul 2023 15:21:35 +0000

Agency appears to be making a case for sustained funding as it tries to avert budget cuts

Mark — Mon, 26 Jun 2023 19:43:04 +0000

Government said records were being sought to verify that merchants were obeying tax acts