National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) provided an update on the progress the Government has made in addressing the recommendations made by the House of Commons Standing Committee on Finance and the actions taken by the Canada Revenue Agency to combat tax evasion and aggressive tax avoidance. Specifically, the CRA has released preliminary results on the important … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) announced the appointment of Suzanne Gouin, MBA, ICD.D, to the Canada Revenue Agency Board of Management as Chair. Gouin was nominated by the Government of Canada, and has been appointed for a four-year term, effective August 29, 2017. Lebouthillier also announced the appointment of Stan Thompson, CPA, CA, to the CRA Board … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) unveiled the CRA’s actions for the next two years to make its services for small and medium businesses more helpful and easier to use. The Report on the Canada Revenue Agency’s 2016 Serving You Better consultations with small and medium businesses contains concrete commitments based on feedback shared by small and … Read more
From April 2015 to March 2017, the CRA audits of real estate transactions resulted in more than $329.4 million in assessed income that had not been reported. During this time, the CRA applied over $17 million in penalties, primarily associated with Canada’s two major real estate markets in Toronto and Vancouver. The full release is … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) provided an update earlier this week on the progress the government has made in addressing the recommendations made by the Standing Committee on Finance this past fall to combat tax evasion. Lebouthillier also highlighted some of the important measures that have been put in place at the CRA because of the historic investment … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) announced that more Canadians than ever used the CRA’s online services to file their income tax and benefit returns this filing season. As of May 2, 2017, almost 22 million returns, close to 90 per cent of those received this year, were filed online. Up-to-date individual income tax return statistics for this … Read more
The Canada Revenue Agency is reminding Canadians that it offers taxpayer relief when natural disasters such as the recent flooding in areas of Quebec and the National Capital Region occur. Individuals, businesses, and first responders may find themselves unable to file or pay taxes on time. If so, the CRA encourages them to make a request for taxpayer relief. The full … Read more
In 2016, the Government held extensive online and in-person consultations with the public and the charitable sector to clarify the rules that govern the participation of charities in political activities. A Consultation Panel, composed of five experts in the charitable sector reviewed the consultation feedback and presented its Report to National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) at the … Read more
At the conclusion of a joint investigation with the Royal Newfoundland Constabulary, the Canada Revenue Agency filed 28 tax fraud charges under the Income Tax Act and three charges under the Criminal Code against Raymond Mahoney, a resident of St. John’s, Newfoundland and Labrador. Mahoney is expected to appear in provincial court in St. John’s on May 30, 2017. The … Read more
The Canada Revenue Agency announced that Damien Reynolds, a 49-year-old dual citizen of Canada and Australia, was charged on April 4, 2017 with fraud under section 380 of the Criminal Code and tax evasion under section 327 of the Excise Tax Act. Mr. Reynolds is a mining industry consultant and stock promoter based in Vancouver. The full release … Read more
