Agency assessed $2.7 billion in additional tax and penalties from 2015 to 2023
Most adjustments were related to calculation errors and lack of documentation rather than ineligibility
Amid automatic tax filing, a proactive approach is required
Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor
Agency appears to be making a case for sustained funding as it tries to avert budget cuts
Government said records were being sought to verify that merchants were obeying tax acts
Revenue agency initially denied expenses for sponsorship of cycling team
Clients can make corrections on previously filed documents through online channels or using a paper form
Client overcontributed, had income below basic personal amount
FATCA requires banks and other institutions to report information about accounts held by U.S. individuals