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Special audits have confirmed the pervasiveness of tax evaders in the construction industry, and the CRA is cracking down The Canada Revenue Agency’s continuing campaign against the underground economy has come to roost in small-town Canada, where special audits have confirmed the pervasiveness of tax evaders...

From April 1, 2012 to March 31, 2017, the CRA convicted 408 individuals and businesses. This involved approximately $122 million in federal tax evaded and court sentences totaling $44 million in court fines, and 3103 months in jail. Between 2006 and 2017, 75 tax scheme promoters...

We all have challenges we face and various coping strategies, good or bad, to deal with them. Recently I was reminded of the glass of water “stress test”. Think about how heavy a 10 oz. glass of water is. Not that heavy, right? But the...

Richard B. is a tax client who approached us with a sensitive issue. “Fraser-my sister is in tax trouble-she just got a bill for $40,000, what @#@&% do we do?” His use of profanity underlined his concern. These days, with the advent of computer technology,...

Another program underway is CRA’s criminal investigation program that focuses on the most serious of cases that meet one of the following criteria: significant, and/or material cases of tax evasion with an international element promoters of sophisticated and well organized tax schemes aimed at defrauding...

At the Tax Mechanic, we have listened to countless stories about individuals thinking that because the CRA hasn’t tracked them down yet, maybe they never will, or they are not claiming a few items that they didn’t report, so why bother now….and on and on....

Under Ontario’s 16-point plan to tame housing is point 14 which reads as follows;  Partnering with the Canada Revenue Agency to explore more comprehensive reporting requirements so that correct federal and provincial taxes, including income and sales taxes, are paid on purchases and sales of...

By Fraser Simpson John contacted us recently and booked a consultation and this was his tax tale. He had not filed his tax returns for ten years and was depositing the money he was earning as a self-employed contractor framing houses, in his girlfriend’s bank account....

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