Toronto and British Columbia: A Goldmine for the CRA

The CRA has been relentless in scrutinizing real estate transactions: especially those conducted in the Greater Toronto Area and British Columbia. These regions have become a proverbial goldmine for the CRA: resulting in approximately 37,000 audits and close to $800 million of reassessments. Don’t forget; there is a colossal penalty equal to 50% of the […]

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