Canada Revenue Agency real estate audit penalties in B.C. reach $200,000 mark
Selling Canadian real property? Canada Revenue Agency is increasing audit focus on nonresidents selling Canadian real property. We can assist you.
Andersen Tax LLP partner Steven Flynn was quoted in a recent news article on the Q1 results of Canada Revenue Agency's audit program designed to identify and penalize egregious instances of tax avoidance and evasion related to Greater Vancouver and Greater Toronto property sales.
Read the article: Potential cases of tax evasion in B.C. real estate rising