CRA Cracking Down on Non-Compliance

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I wanted to share the recent CRA news release regarding how much extra revenue CRA has obtained by auditing and reviewing individuals and businesses’ income tax affairs.

The article also outlines some cases where criminal prosecution was levied. The quick lesson here is……file you returns on time and make sure they’re accurate!

You can read more here:

http://www.cra-arc.gc.ca/nwsrm/rlss/2010/m05/nr100520-eng.html

READ  Is your corporation at risk of being deemed a personal services business (PSB) by the CRA?

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