After Canada's auditor general calls for a more efficient process for tax objections, and following the CRA's survey of accountants and businesses, the agency insists it will get better
Taxpayers who come clean about taxes they have evaded can have penalties reduced under the voluntary disclosure program. The government wants to make the program less generous
The Canada Revenue Agency recently decided to defer application of the “advantage rules” by one year
Investors’ funds diverted for personal use
Better communications, help with returns are among the notable changes
The federal government has accepted nine recommendations included in a report from last autumn aimed at speeding up the process of resolving objections
The federal tax agency completed more than 21,000 files related to real estate that resulted in more than $329.4 million in unreported assessed income
The additional taxes are coming from cases in which the CRA believes a TFSA holder may be “carrying on a business” within the account
The federal tax agency is seeking to provide less generous relief in certain circumstances
The calculation was based on estimates of taxes that were assessed but not collected and on unreported income from the underground economy