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Here are seven steps for advisors

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The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance

Filing a tax document online

The new verification process will be more convenient, but not all taxpayers will benefit

In one case, failure to report resulted in an overcontribution penalty

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Industry divided on, investor advocates opposed to, reforms

Tax returns storage

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

CRA signage

Agency has spent more administering the UHT than it has assessed so far 

Canada Parliament Building and clock tower at night

Editorial: Last-minute policy reversals undermine an already fragile trust between tax authorities and the public

  • By: IE Staff
  • March 29, 2024 March 29, 2024
  • 12:38
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Filing is required only if directly requested by the Canada Revenue Agency

man on laptop

Some firms concerned CRA’s employee expense policy could thwart return-to-office initiatives, EY Canada tax expert says