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Keyword: Tax audits

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Tax returns storage

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

Cheerful young carpenter discussing order details with her customer on smartphone and taking necessary notes, interior of spacious workshop on background

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

Tax inspection

Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor

IRS tax

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

The Court of Quebec in Quebec City.

Revenue agency initially denied expenses for sponsorship of cycling team

income tax

Clients can make corrections on previously filed documents through online channels or using a paper form

tax penalty

Client overcontributed, had income below basic personal amount

U.S. Canada flag

FATCA requires banks and other institutions to report information about accounts held by U.S. individuals