The days of the Canada Revenue Agency taking a kinder, gentler approach to its relations with taxpaying business owners are long gone. From employing sophisticated algorithms to tightening rules around its own Voluntary Disclosure Program, Ottawa has become accustomed to using increasingly aggressive tactics to collect overdue taxes and punish alleged tax cheats. In some […]
China has embarked on a major reform of tax laws that could have sweeping implications for high-net-worth individuals inside the country, not to mention Chinese-Canadians and Chinese citizens who have investments in Canada. Perhaps the most high-profile example of the country’s efforts to close tax loopholes and boost tax revenue are the recent accusations lodged […]
Entrepreneurs hoping that Canada Revenue Agency would eventually ease its audit-focused crackdown after a recent uptick in enforcement activity may be dismayed to learn that the exact opposite is playing out. In fact, the agency is becoming even more targeted and aggressive in its activities. What we’re seeing now are a new range of enforcement […]
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