Top 5 most dangerous CRA trends


1.     Media humiliation: Revenue Canada has been getting hammered by the media the past year and In response have doubled their efforts to collect tax. Negligence penalties once unheard of are now common place: penalty doubles tax owing if CRA contacts you first. If you file prior to a CRA request you can halve your tax bill

 

2.     CRA assigning more auditors to collect unreported tax. Remember the PST? Those auditors were not laid off or fired, in stead they assigned them as collections officers for the CRA.

 

3.     The government NEEDS money and they are investing in computer software to identify late filers.

 

4.     HST auditors are now being trained as *super* auditors to ensure compliance of personal and corporate tax.

 

5.     The Tax Court is less lenient  and are making an example of late filers by assessing gross negligence penalties and sometimes short prison terms to make their point

 

IF YOU HAVE A TAX PROBLEM CALL FRASER SIMPSON RIGHT NOW AT 647-884-1216 BEFORE THE CRA CALLS YOU.

 

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