Home Tax audits

Keyword: Tax audits

42 results found
tax penalty

Projected fiscal impact may be overstated, likely targets may miss the mark

CRA signage

In the case of error codes, the CRA said it will provide interest and penalty relief if the problem isn't resolved by the tax-filing deadline

Apartment building

Non-compliance results in denial of expense deductions, raising taxable income

CRA signage

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

receiving taxes owed

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

Man reads legal document carefully using magnifying glass

Administrative changes are welcome in an area fraught with uncertainty

CRA signage

Actions may include taking payments from wages or bank accounts

Tax returns storage

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

Filing a tax document online

Amid automatic tax filing, a proactive approach is required