CRA Steps Up the Fight
Canadian tax lawyers are noticing changes in the Canada Revenue Agency, which has become significantly more aggressive in how it pursues tax revenue. There has been a shift to increased auditing, and tax reforms to give the CRA more tools and resources to combat tax cheating. This has led to tax lawyers moving from a focus on tax planning to one focused on litigation and audit defense. The Canadian government has also significantly increased the funds available to the CRA, and it has been using the money to investigate a higher number of returns than in the past.
“Whether it is with house flippers in the overheated real estate market, international tax evasion, GST/HST or the federal government’s new tax reforms, tax lawyers say the Canada Revenue Agency is sharpening its fangs with new capabilities and growing more aggressive in the hunt for tax revenue.”
Read more: https://www.canadianlawyermag.com/author/aidan-macnab/cra-steps-up-the-fight-17140/