CRA Powers
CRA Powers — All content on The Advisors Table.
Episodes
SoloS18: 3 CRA Powers Coming in 2026 Will Ruin You
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 episode, we discuss: - The proposed power for CRA to put taxpayers under oath during an audit - The new $50 per day non-compliance…
- CRA Audit
- CRA Powers
- Wills & Estates
SoloS7: CRA Charges $307/hr to Be Right
CRA charges $307 per hour for a tax answer they’ll actually stand behind. But if you call the regular phone line and get the wrong advice — you still owe the tax.
- CRA Audit
- CRA Powers
- Case Study
SoloS17: CRA Doesn’t Want You to See This Petition
A petition is circulating about three new powers the Canadian government wants to give the CRA. Within 48 hours, more than 700 Canadians signed it — without media coverage, political promotion, or organizational backing.
- CRA Audit
- CRA Powers
- Quick Tip
SoloS10: CRA Is Calling Your Employees Behind Your Back
CRA may be calling your employees — not you — and asking questions about how tips are handled in your business. This isn't just for restaurants—if you run a Salon, Spa, Barber Shop, or Cafe in Canada, the CRA's new focus on electronic tips affects you Most owners don’t even know…
- CRA Audit
- CRA Powers
- Quick Tip
SoloS13: CRA’s 2026 Bare Trust Rule - You’re On Your Own
There’s a new CRA rule coming in 2026 that could affect millions of Canadians — and when it hits, you might not find anyone to help you deal with it. Not your accountant.
- Trust Planning
- Family Trust
- CRA Audit
SoloS15: CRA’s 2026 Rule Punishes You for Helping Family
If you’ve ever helped a family member financially — by putting your name on a bank account, property, or investment — this could affect you. Canada is moving toward enforcing new reporting rules around “bare trusts”, and the penalties for missing them can be significant — even…
- Family Trust
- CRA Audit
- CRA Powers
SoloS12: CRA’s 2026 Rule Traps Your Family in an Endless Audit
- Family Trust
- CRA Audit
- CRA Powers
SoloS22: CRA’s 5 Most Dangerous Weeks (Now)
💡 The Canada Revenue Agency is currently in the most aggressive five weeks of its fiscal year. The Auditor General found that 40% of audit files are closed in February and March.
- CRA Audit
- CRA Powers
- Quick Tip
SoloS14: CRA’s Bare Trust Costs Will Crush Families
If your name is on a property, bank account, or investment that actually belongs to someone else — this could cost your family thousands every year… even if you owe zero tax. Canada’s new “bare trust” rules are turning simple family help into an ongoing compliance burden.
- Trust Planning
- Family Trust
- CRA Audit
SoloS20: He Lost $5M to the CRA Because He Trusted His Accountant
Selling a business isn’t just about finding a buyer or negotiating the right price. In this episode, I walk you through the five stages of a business sale where having the wrong people on your team can cost you millions — or kill the deal entirely.
- Trust Planning
- Family Trust
- CRA Audit
EpisodeHow to Make Your Company Sale-Ready — Structuring Before the Buyer Shows Up
Episode 1 of The Advisors Table. Sunny and Parveen sit down to walk through how Canadian business owners should structure their company well before they get to the sale table — covering the structural moves, common pitfalls, and what buyers and the CRA actually look at.
- Business Sale
- CRA Audit
- CRA Powers
EpisodeImmigration Tax Traps That Cost Thousands
What no one tells you about foreign assets, worldwide income, and the CRA penalties that can wipe out your savings.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeCRA’s Net Worth Audit - How They Prove You’re Hiding Money
Why these audits feel "forensic", who gets targeted, and how to respond without making it worse.
- CRA Audit
- CRA Powers
- Quick Tip
SoloCRA Trap Of Excess Corporate Cash
How poor tax planning can turn a $3 million business sale into an $800,000 tax problem – and why the biggest deal-saving strategies happen years before a buyer every appears.
- CRA Audit
- CRA Powers
- Quick Tip
EpisodeHelping Your Kids? CRA Takes a Cut
Why “gifts” can create tax exposure for parents.
- Estate Planning
- Business Sale
- Corporate Reorganization
SoloCRA Penalizes You $334K For Having Cash
How excess cash, investments, and intercompany loans inside your corporation can quietly disqualify you from the Lifetime Capital Gains Exemption – costing business owners hundreds of thousands in lost tax savings.
- CRA Audit
- CRA Powers
- Case Study
SoloLost A CRA Audit? You Can Still Win (62%)
How a CRA audit loss doesn't have to be final – and why objections, deadlines, interest, and appeal strategy can dramatically change the outcome after a reassessment.
- CRA Audit
- CRA Powers
- Quick Tip
EpisodeBeing An Executor Can Cost You Personally
The hidden liability, CRA traps, and estate mistakes that overwhelm even the most trusted person in your life.
- Estate Planning
- Business Sale
- Corporate Reorganization
SoloCRA Tax Rule That Wipes Out Inheritances
How death can trigger layers of tax that erase millions in family wealth – exposing business owners and estates to probate, liquidity crisis, and devastating double and triple taxation without proper planning.
- Estate Planning
- CRA Audit
- CRA Powers
EpisodeCRA Bill That Destroys Wealth After Divorce
Why family law, tax rules, and poor documentation can turn parental help into an unintended wealth transfer.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeThe Audit Machine – What 53,000 CRA Employees Are Actually Doing
How CRA's growing audit machine uses data, automation, and aggressive enforcement tactics to identify risks, escalate reviews, and collect billions beyond regular tax filings.
- Estate Planning
- Business Sale
- Corporate Reorganization
SoloCRA Turned $250K Profit Into $1.2M In Taxes
How a $250,000 Toronto house flip turned into a $1.167M CRA reassessment – and why HST rules, missing records, and audit deadlines can financially devastate real estate investors.
- CRA Audit
- CRA Powers
- Case Study
EpisodeLeaving Canada? Here’s What The CRA Wants You To Know
What tax residency, departure tax, and cutting ties really mean when you move abroad.
- Estate Planning
- Business Sale
- Corporate Reorganization
SoloCRA Ends 14-Year Break — Truckers Losing Millions
How CRA's renewed PSB enforcement is putting incorporated truck drivers and owner-operators at risk of higher taxes, denied deductions, and costly reassessment.
- CRA Audit
- CRA Powers
- Trucking
EpisodeCRA Voluntary Disclosure Program 2025 Explained | What's Changed & What It Means
What’s Changed — and What It Means for Canadians.
- Estate Planning
- Business Sale
- Corporate Reorganization
Posts
The Tax Rule That Punishes Canadians for Helping Family — And What You Can Do About It
New CRA bare trust filing catches family bank accounts, joint titles, crypto held for relatives—$50K penalties even if you owe $0 tax. Bill C-15 passed House, Senate next. Sign petition + download checklist before 2026 tax year.
3 CRA Powers Coming in 2026 That Every Canadian Needs to Know
New CRA powers let auditors demand sworn testimony (no transcript), issue $50/day penalties without court, and freeze reassessment clocks indefinitely. Download MP letter template to fight back before legislation passes.
One Mistake Killed His $5M Deal — Why the Wrong Team Destroys Business Sales
One wrong hire destroyed a $5M business deal due to hidden tax traps from poor pre-sale cleanup. Learn why regular accountants fail at M&A, how to build the right deal team, and avoid CRA post-sale audits.
CRA’s 5 Most Dangerous Weeks: What TEBA Means for Your Next Audit
CRA closes 40% of audits in Feb-Mar due to March 31 fiscal year-end pressure. Learn why TEBA drives aggressive reassessments (65% overturned on objection) and get your 3-phase audit protection playbook now.
$800K Tax Bill That Should’ve Been $0 — The 5 Mistakes That Cost This Business Owner Everything
Discover the 5 critical errors that turned a $0 tax bill into an $800K disaster for a business owner. Learn how to protect your company from CRA reassessments, audits, and massive penalties.
