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Blogs posted during March 2016

What is CRA Voluntary Disclosure & When is it Useful?

CRA Voluntary Disclosure allows you to amend or correct previous tax filings. Through CRA Voluntary Disclosure, you can come forward to the Canada Revenue Agency and provide them with details on mistakes that you have made on previous returns or give them information that may have been left out in…

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Understanding CRA Tax Assessment & Arbitrary Assessments

CRA tax assessment is when the Canada Revenue Agency conducts a review of your income taxes. The most common form of CRA tax assessment is the Notice of Assessment that is sent once the CRA has conducted a preliminary review of your tax return. However, there are also other forms…

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Ontario Going After Underground Tax Cheats, Star Says

The Ontario government is taking measures to uproot tax cheats by creating teams of specialized auditors after budget numbers show upwards of $930 million since 2013-2014 has been collected through CRA enhanced methods. This money is only part of what Statistics Canada estimated the total underground activity in Canada to…

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The CRA Snitch Line: An Overview of the CRA Informant Leads Program

The CRA Informant Leads Program (aka “The CRA Snitch Line”) allows people to report tax fraud in Canada. Using the CRA snitch line, you can report deliberate misrepresentations of income and deductions to the Canada Revenue Agency. In most cases, the Informant Leads Program handles tax cases involving individuals. For…

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James Bell Getting In-Depth on Ask The Experts

Many of us have been there – staring at that brown envelope from the CRA which you know contains an assessment detailing the tax debt that you are now expected to pay. Earlier in February, our very own Director of Tax Solutions James Bell spoke to Ask the Expert’s Iain…

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CRA Crackdown on Questionable Real Estate Tax Practices

Two weeks ago, the government of British Columbia announced a new partnership with the Canada Revenue Agency (CRA) to share data of real estate transactions within the province. It is expected that the information will assist the CRA in its current investigation of possible income tax and GST evasion on…

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