CRA Continues its Crackdown on Tax Cheating in Canada’s Hottest Real Estate Markets

The CRA boasts increased reporting, compliance and audit measures in support of its commitment to protecting the fairness and integrity of the Canadian tax system, as it relates to ensuring a healthy and stable housing market.

Read more here: http://www.newswire.ca/news-releases/the-government-of-canada-cracks-down-on-tax-cheating-in-real-estate-transactions-628880843.html

and here: http://www.cra-arc.gc.ca/gncy/cmplnc/rlstt/menu-eng.html

and here: http://www.cra-arc.gc.ca/nwsrm/fctshts/2016/fs160620a-eng.html

 

Prepared by: Asif Abdulla

Asif Abdulla is an associate working out of the Vancouver office of Thorsteinssons LLP. He practices in the area of domestic and international tax planning for individuals, trusts, corporations and other private enterprises with a view to achieving tax efficiency… more »

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