CRA’s New Powers Got Worse. Here’s Who Gets Hit
How CRA's proposed new audit powers could introduce daily penalties, extended audit timelines, and a 10% court penalty – giving the agency broader reach.
- Politics
- Business Owners
- CRA Audit
- CRA Powers
- Family Business
- Legal Perspective
- Notice of Objection
- Penalties & Interest
- Quick Tip
- Tax Compliance
- Tax Filing Deadlines
- Taxpayer Rights
- Voluntary Disclosure
Show Notes
CRA is about to receive 3 new audit powers.
A $50/day penalty, an audit clock that could stay open indefinitely, and a 10% penalty tied to document disputes in court.
The bill passed its main House of Commons vote by just 5 votes. But should a system that already gets things wrong be given more power?
In This Solo, We Cover:
• CRA's 3 proposed new audit powers
• Why a $50/day penalty could apply without a judge
• How audit timelines could be frozen with no end date
• How a 10% penalty could follow a lost document dispute in court
• What CRA's own data reveals about tax disputes
• What Canadians can do before the bill becomes law
CRA already has significant powers to demand records, reassess taxpayers, and pursue court orders.
The concern is what happens when you give those powers more speed, fewer limits, and potentially broader reach.
👉 Take Action Here:
- Sign The Petition: https://c.org/YstgJ2WJWY
- Send The Letter To Your MP: theadvisorstable.com/campaigns/fix-bill-c31
- Find Your MP: https://www.ourcommons.ca/members/en
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