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Female tax inspector looking at corporate financial documents with magnifying glass

The CRA says it is in the test phase of the audits

  • By: Katie Keir
  • September 24, 2020 October 8, 2020
  • 12:49
hand grabbing money bag

Authors caution feds against increasing CRA audit activity to tackle deficits

tax inspector investigating financial documents through magnifying glass, forensic accounting or financial forensics, inspecting offshore company financial papers, documents and reports.

Agency looks to validate CERB, CEWS, CESB payments via employer data

Miniature House on A Financial Graph

The CRA has taken an interest in U.S. real estate transactions

tax inspector investigating financial documents through magnifying glass, forensic accounting or financial forensics, inspecting offshore company financial papers, documents and reports.

Agency to focus on urgent, high-dollar and strategically important audits  

tax inspector investigating financial documents through magnifying glass, forensic accounting or financial forensics, inspecting offshore company financial papers, documents and reports.

The federal agency uses data to fight tax evasion in the construction sector

Female tax inspector looking at corporate financial documents with magnifying glass

Figures disclosed at the Ontario Tax Conference held in October

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A Federal Court judge found FATCA doesn't violate the Charter of Rights and Freedoms

The CRA should report how much taxes are paid, instead of tax earned by audits and the percentage of audits that lead to assessment, the report suggests

Mistakes on income tax returns are common, as are objections to CRA assessments. You can help your clients prevent and fix errors and omissions in their returns - and advise clients about what to do when assessments go against them