News and Media

The culture at the CRA is changing – and we should all be concerned

12th March 2018

I've been immersed in the world of personal finance for about 25 years. I'm aging now – as is my wife, Carolyn. She regularly reminds me that a gentleman always remembers a woman's birthday but never her age. Sorry, dear, I know exactly how old you are. But I digress.

The point is, I've been around long enough to remember what it was like to deal with the taxman of a generation ago. We're in a very different world today. The culture at the Canada Revenue Agency (CRA) is not what it used to be – and we should all be concerned. 

Twenty years ago, the CRA was full of reasonable people who used common sense when looking more closely at your tax affairs.

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If you sold or used Bitcoin last year, Canada Revenue Agency wants its due

4th February 2018

TORONTO — It may seem early to start thinking about filing taxes, but this year’s return could be particularly time-consuming for Canadians who have flocked to Bitcoin and other cryptocurrencies, especially those who don’t realize they owe the government money.

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Live at a tony address? Taxman targeting Canada's richest neighbourhoods to nab tax cheats

27th November 2017

Canada's tax agency has launched a project to hit Canada's wealthiest citizens where they live — literally.

The Canada Revenue Agency's Postal Code Project is targeting the wealthiest neighbourhoods in all regions of the country, those with gold-plated postal codes, where auditors will pore through the tax filings of every well-heeled resident, address by address.

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Court orders PayPal to give business account details to CRA

27th November 2017

The Federal Court of Canada has ordered U.S.-based PayPal to hand over details about its business account customers to Canadian tax authorities. The court order, obtained by the Canada Revenue Agency, forces the U.S.-based payment processing firm to release information about Canadians with PayPal business accounts who processed transactions between the start of 2014 and last Friday.

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