Do you have unreported or under-reported income? New developments and old powers for the CRA may reveal unreported income.

Recent actions by the Canada Revenue Agency may give you reasons to start declaring unreported income. CRA has broad powers to require the production of documents and information including the right to compel the production of third party information under Section 231.1 of the ITA.

CRA recently received the rigth to assess Ebay power sellers.

CRA can ask construction suppliers for their customer’s order amounts.

CRA can review your assets and bank accounts without your permission.

This is pretty scary stuff. If you have any kind of weath or assets, these penalties can get very serious, very fast.

Come on in and talk to an accountant and we will get you on the road to peace of mind.