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 | June 3, 2019.

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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 Shannon Murree – Real Estate, Lifestyle and Brand Strategist

In April, the federal anti-money-laundering agency, Fintrac, fined a bank $1.1 million for. of offshore tax cheats. Queen’s University tax law Prof. Arthur Cockfield questions the CRA’s claims to.

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Since the Canada revenue agency (cra) starting cracking down on real estate tax non-compliance in 2015, more than $1 billion dollars in tax.

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Cra Real.Principal residence and other real estate. When you sell your home, you may realize a capital gain. If the property was solely your principal residence for every year you owned it, you do not have to pay tax on the gain.

CRA estimates the program will help identify $1-billion in income that. the recommendations regarding tax evasion in a report by the House of.

While overall numbers were significant – $3.7 billion in settlements and judgments from civil cases involving allegations of fraud and false claims against the government – this was an approximate $1.

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