CRA’s Tax Evasion Tip-Off Hotline Received 32000 Tips Last Year

tax seasion

The Canada Revenue Agency’s snitch line has received a vast number of tips about suspected tax cheating and tax fraud cases this year. According to a report in CBC, the CRA received around 32,157 leads regarding suspected domestic tax cases in the 2017-2018 financial year.  The CRA receives a similar number of tips every year according to sources.

Read moreCRA’s Tax Evasion Tip-Off Hotline Received 32000 Tips Last Year

The Condo Flipping Tax: How the CRA Cracks down on Condo Flippers

housing real estate

Condo flipping tax and how the CRA cracks down on Condo flippers. The profits a taxpayer makes from flipping real estate are generally considered to be fully taxable as business income. The principal residence exemption does not apply to property flipping.

Read moreThe Condo Flipping Tax: How the CRA Cracks down on Condo Flippers