Tag / audit
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CRA Now Palling Around with PayPal
CRA has required PayPal to disclose sales and other transaction records for Business Account Holders from January 1, 2014 to November 10, 2017. It is expected CRA will review records for unreported…
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CRA Strategies On Offshore Tax Evasion: The World is Shrinking
A recent article reported that CRA is reviewing every electronic fund transfer over $10,000 from Canada to four foreign jurisdictions per year. The first two targets were the Isle of Man and…
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How CRA Spent Their Summer: Vancouver Real Estate Audit
In the summer of 2016, CRA commenced a project to examine taxpayers holding expensive properties in Vancouver where only low amounts of income were reported. The goal of the project was to…
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Audit Fun Facts
Did you know? Being audited by CRA does not mean that an individual will not be audited in the next year. Where CRA obtains additional tax as a result of an audit,…
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Eager to Be Audited? Here Are 10 Ways to Get Selected!
A recent CBC Article1 listed 10 Ways to attract a CRA auditor’s attention: Ignoring the CRA’s requests for further information. Large or unusual changes in deductions or credits. Claiming hefty home-office deductions.…
