Tag Archives: cra
Canada failing to fight tax cheats, watchdog warns
Canadians have seen few signs that the federal government is meaningfully cracking down on international tax avoidance and evasion, a tax fairness watchdog warned on the fourth anniversary of the Panama Papers leak. “Other countries have taken tax evaders to
Flipping houses or condos? CRA reminds you that all profits are fully taxable
By ThinkPol Staff Canada’s taxman is reminding house and condo flippers that all profits made buying and reselling homes in a short period of time are fully taxable. This also includes pre-sale flips, where a property is bought and sold
CRA to tighten voluntary disclosure program
By ThinkPol Staff Canada’s tax agency will tighten the controversial program that allowed wealthy tax evaders to turn themselves in without fear of prosecution or civil penalties. The Canada Revenue Agency’s (CRA) Voluntary Disclosures Program (VDP) was set up in