Canadian tax lawyer at Barrett Tax Law, Dale Barrett, looks at the various myths many Canadians have about the Canada Revenue Agency in this informative interview on the Business News Network. The first myth debunked is "The CRA will not find out what I have not told them. " Dale explains that the "CRA learns a great deal about Canadian taxpayers. Not only does the CRA retain all the information that is provided to them by taxpayers, it also obtains information from third parties including financial institutions, other governments, employers, and other third parties through their tips line."
Insights
April 23, 2013: BNN (Business News Network) news broadcast: "Surviving a tax audit: Debunking CRA myths"
Last reviewed April 2013
Please note: This article was first published April 24, 2013. Tax law and CRA practice change frequently, so some details may be out of date. For current guidance, explore our Learning Centre or contact us about your situation.
We're on it
Need urgent representation against the CRA?
Free consultation. Fixed-fee quotes on most matters. We begin within 24 hours of retainer.