3 CRA Powers Coming In 2026 Will Ruin You
How the government's proposed CRA powers could expand audits through taxpayer interviews, daily penalties, and broader enforcement against Canadians.
Most Canadians Have No Idea What The Government Is About To Introduce – And It May Just Ruin Your Life
Show Notes
The federal government is proposing three major new powers for the CRA – and they could fundamentally change how tax audits work in Canada.
In This Solo, We Cover:
• The proposed power for CRA to put taxpayers under oath during an audit
• The new $50 per day non-compliance penalty issued directly by auditors
• How a single notice could remove the normal three-year audit protection window
• Why tax professionals and legal groups are raising concerns
• What Canadians can do right now before the legislation passes
The draft legislation is already in Parliament, but it has not passed yet. That means Canadians still have the opportunity to raise concerns and understand what these changes could mean.
📥 Resources from this episode
MP Letter Template — CRA Audit Powers
The Advisors TableMP Letter Template — CRA Audit Powers
A pre-written letter to your Member of Parliament asking them to oppose the three new CRA audit powers in the current bill. Add your name, find your MP, send. No email required.
📝 Related Articles
Do You Need A Holding Company In Canada? The 5 Signs
A holding company can save hundreds of thousands in tax – or add needless complexity. Learn the five signs it makes sense, from surplus cash and investments to asset protection and business sales.
The RRSP Trap: Why CRA Takes 54% Of Your RRSP When You Die (And How To Stop It)
A $1 million RRSP can trigger a $540,000 tax bill at death. Learn the little-known strategy that can legally reduce that tax burden and preserve more wealth for your family.
CRA's New Audit Powers — 2026 Update: What's Dropped, What's Still Coming
CRA's New Audit Powers — 2026 Update: What's Dropped, What's Still Coming
Update: the CRA's most-feared new power — compelling answers under oath — was dropped from Bill C-31, and the rest aren't law yet. Here's what's actually proposed (notice of non-compliance, a 10% penalty, stop-the-clock) and what the CRA can already do today.
🎬 More Episodes
SoloDo You Actually Need A Holding Company?
How a holding company can reduce taxes, protect assets, and improve long-term planning for some Canadians – while creating unnecessary cost and complexity for others.
- Holding Company
- Holdco Structure
- LCGE
SoloCRA Takes 54% Of Your RRSP When You Die (Unless You Do This)
How a $1 million RRSP can create a $500,000+ tax bill at death – and the little-known planning strategy that may help families keep far more of their wealth.
- RRSP
- Family Trust
- Beneficiary Designations
SoloYour Family Can Save 12K A Year Through This Tax Strategy
How Canada's 3% prescribed-rate trust strategy can legally shift investment income to children – but new AMT rules may now reduce or even reverse the tax savings.
- Family Trust
- Tax Planning
SoloEstate Planning Explained: Will vs. Trust In Canada
How wills, beneficiary designations, joint ownership, and trusts actually control your assets in Canada – and why many families discover critical estate planning gaps only after a crisis occurs.
- Estate Planning
- Family Trust
- Income Splitting
SoloThe Airbnb Tax Nobody Knows About
How Airbnb income can quietly transform your home into a taxable commercial property – triggering unexpected HST, loss of principal residence treatment, and massive tax exposure on sale.
- Business Owners
- Business Sale
- Legal Perspective
EpisodePoliticians Keep Lying About Tax Cuts
How government headlines hide the fine print—and why your “tax cut” might actually be a retroactive tax hike in disguise.
- Penalties & Interest
- Business Owners
- Founders & Entrepreneurs
Need more than a podcast? Cedar Group handles tax planning, restructuring, and sale-readiness advisory for founders.
CEDARGROUP.CA →