CRA pursues real estate tax cheats to the tune of $1 billion

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CRA pursues real estate tax cheats to the tune of $1 billion More than $422 million from B.C. alone; even tougher crackdown to come By Joannah Connolly / Glacier Media Real Estate Online casinos live dealers.

Since the Canada Revenue Agency (CRA) starting cracking down on real estate tax evasion in 2015, more than $1 billion dollars in tax revenue has been recovered, the CRA announced May 30. Most of this income came from more than 34,000 audited files in Ontario, adding more than $600 million to federal coffers over the past four years.

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The CRA convicted 128 people of tax evasion or tax fraud in fiscal. brothers who, it emerged, were hiding a house-flipping business. The CRA had sent them a letter indicating it knew about a $1-million. But the CRA faces a hurdle if it wants to use any of that information to pursue a criminal case, which.

The IRS doesn't pursue many tax evasion cases for people who can't pay their taxes. But, if you conceal assets and income that you should use to pay your back .

CRA pursues real estate tax cheats to the tune of $1 billion . Image credit: Photograph By GETTY IMAGES From: story: cra pursues real estate tax cheats to the tune of $1 billion (May 31, 2019) Uploaded: May 31, 2019 | Post Comments

CRA pursues real estate tax cheats to the tune of $1 billion More than $422 million from B.C. alone; even tougher crackdown to come By Joannah Connolly / Glacier Media Real Estate

Since the Canada Revenue Agency (CRA) starting cracking down on real estate tax evasion in 2015, more than $1 billion dollars in tax revenue has been recovered, the CRA announced May 30. Most of this income came from more than 34,000 audited files in Ontario, adding more than $600 million to federal coffers over the past [.]

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