CRA & Compliance
Episodes on CRA & Compliance
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.
- Real Estate
- Capital Gains
- Tax Compliance
SoloCRA Charges $307/hr To Be Right
How relying on CRA phone advice can still leave you with a tax bill – and why only certain written rulings provide protection when the stakes are high.
- CRA Audit
- Taxpayer Rights
- Tax Compliance
EpisodeCanada Wants $500K to Let You Leave | Majority, Exit Tax, Bare Trusts
How majority government power, headline tax cuts, and hidden compliance rules can quietly cost Canadians far more than they realize.
- Bare Trust
- Cross-Border
- Politics
SoloCRA Is Calling Your Employees Behind Your Back
How electronic tips can create unexpected CPP and EI liabilities for employers – and why CRA may be gathering information from employees before contacting the business.
- CRA Audit
- CRA Powers
- Business Owners
GuestThe IRS And CRA Double Tax Trap For Canadians
What no one tells you about the million-dollar tax traps, IRS penalties, and the entity mismatch that can bankrupt your investment.
- US Tax
- US LLC
- Cross-Border
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.
- Cross-Border
- Tax Compliance
- Penalties & Interest
SoloCRA’s 2026 Rule Punishes You For Helping Family
How Canada's proposed bare trust reporting rules could impose costly filing requirements and penalties on ordinary family arrangements – even when no tax is owed.
- Bare Trust
- CRA Powers
- Penalties & Interest
Solo3 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.
- CRA Powers
- CRA Audit
- Taxpayer Rights
SoloHe Lost $5M To The CRA Because He Trusted His Accountant
How the wrong advisors can create hidden tax risks, derail due diligence, and even kill a business sale – costing owners millions before the deal ever closes.
- Business Sale
- Business Valuation
- CRA Audit
EpisodeCRA’s Net Worth Audit - How They Prove You’re Hiding Money
Why CRA net worth audits feel forensic, who gets targeted, and how one wrong response can turn a review into a devastating reassessment fight.
- CRA Audit
- CRA Powers
- Taxpayer Rights
SoloCRA’s 5 Most Dangerous Weeks (Now)
How CRA's year-end audit push creates tighter deadlines, faster reassessments, and greater pressure on taxpayers – and why understanding the process can improve your outcome.
- CRA Audit
- CRA Powers
- Notice of Objection
EpisodeHelping Your Kids? CRA Takes a Cut
Why “gifts” can create tax exposure for parents.
- Wealth Transfer
- Family Trust
- Income Splitting
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.
- Notice of Objection
- CRA Audit
- Taxpayer Rights
SoloCRA Can See Your Crypto Wallet — Now
How CRA traces crypto activity through exchanges, banks, blockchain analysis, and global reporting systems – turning supposedly "private" wallets into fully auditable financial records.
- Capital Gains
- Tax Compliance
- CRA Powers
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.
- CRA Audit
- CRA Powers
- Tax Compliance
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.
- Real Estate
- Capital Gains
- CRA Audit
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.
- Cross-Border
- Dual Residency
- Capital Gains
SoloCRA's 3 Biggest Audit Targets In 2026
How CRA'S expanding use of data-matching, platform reporting, and automated analytics is driving aggressive audits against crypto investors, real estate flippers, and incorporated workers.
- CRA Audit
- CRA Powers
- Tax Compliance
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
- Trucking
- Corporate Tax
EpisodeCRA Voluntary Disclosure Program 2025 Explained | What's Changed & What It Means
How Canada’s updated Voluntary Disclosure Program changes the way unreported income, foreign assets, and tax filings are treated — and who still qualifies for relief under the new CRA rules.
- Voluntary Disclosure
- Tax Compliance
- Penalties & Interest
SoloStrange Tax Scenarios: Paying Taxes Without Making Money or Donating Big!
How Canada's expanded AMT rules are catching taxpayers off-guard by limiting deductions, increasing taxable gains, and creating unexpected tax bills on major financial transactions.
- Tax Planning
- Capital Gains
- Tax Compliance
Posts on CRA & Compliance
How To Get Paid By US Clients Through A Canadian Corporation (2026 Guide)
W-8BEN-E, HST, salary vs dividends, and personal services business risk: how Canadian corporations can bill US clients without expensive mistakes.
The 3% Trick: How High-Income Canadian Families Legally Pay Less Tax On Investment Income
A legal 3% trust strategy can help high-income Canadian families shift investment income to children and save thousands in tax – but new AMT rules may now turn those savings into costly surprises.
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
The CRA's new 2026 audit powers — compelled sworn testimony with no transcript, $50/day penalties without a court, and reassessment clocks frozen indefinitely. Here are the three every Canadian needs to understand.
One Mistake Killed His $5M Deal — Why the Wrong Team Destroys Business Sales
Selling your business? One wrong hire and hidden tax traps can kill the deal. Why regular accountants fail at business-exit tax planning — and how to build the deal team that protects your sale.
CRA’s 5 Most Dangerous Weeks: What TEBA Means for Your Next Audit
What is TEBA, and why does it make February–March the most dangerous weeks for a CRA audit? How the CRA's March 31 year-end drives aggressive reassessments — and a 3-phase plan to protect yourself.
$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.
Visual Guides on CRA & Compliance
"It's A Write-Off" Doesn't Mean It's "Free"
Most people think a company car is a "full write-off" 💸 The reality, CRA has strict limits, caps, and taxable benefit rules that most people never hear about. Before buying a vehicle through your corporation, know these facts.
The Airbnb Tax Nobody Knows About
You put your home on Airbnb. The bookings are strong. The income is rolling in. But according to CRA, your home may no longer be a home. It may now be treated as commercial property – like a hotel. And when you sell, you could owe $150,000 in unexpected tax. Here is the breakdown: 🏠 How Airbnb can trigger CRA's "change of use" rules ⚖️ The 2024 court case where CRA successfully applied HST on sale 💰 How one homeowner could owe roughly $150,000 in HST alone 🚫 Why stopping Airbnb does not fix it — every exit triggers the same tax 📋 What you should do right now if you host on Airbnb These rules were written 30+ years ago for hotels. Nobody in government has updated them for Airbnb. And Airbnb is not warning you.
The Power Of A Family Trust
Same business. Same sale. Same CRA rules. The only difference is how the shares were held. Without a trust: $1,275,000 sheltered through LCGE. With a family trust and three kids: up to $3,825,000 sheltered. The math speaks for itself.
What To Do When CRA Audits You
Getting a letter from CRA is not the end of the world — but how you respond in the first 72 hours can change everything. Most business owners panic. Some ignore it entirely. Both are mistakes. After 15+ years of defending clients through CRA audits, here are the 9 things I tell every single client the moment they get that letter: 1️⃣ Don't panic — but don't ignore it either 2️⃣ Call your tax advisor before you call anyone else 3️⃣ Understand what type of audit you're dealing with 4️⃣ Organize your records — and only what they asked for 5️⃣ Know your rights as a taxpayer 6️⃣ Respond strategically, not emotionally 7️⃣ Prepare for the reassessment before it comes 8️⃣ File a Notice of Objection if you need to 9️⃣ The one step most people skip (slide 10 👀) Save this post. You might not need it today — but when that letter shows up, you will want it.
CRA Is Still Auditing A Tax That No Longer Exists
The Underused Housing Tax was rescinded under Bill C-15 for 2025 and subsequent years. No filings required. No tax owed. But the CRA is still auditing taxpayers who were exempt from the old rules and didn't file the paperwork – for a tax they were never going to owe in the first place. The minimum penalty? $1,000 for individuals and $2,000 for corporations. Per property. Per year. That is not compliance work. That is revenue collection through paperwork penalties on a regime the parliament has already thrown out.
Where Does Your GST Go?
The government collected $52.5 billion in GST last year. The interest on the debt? $54 billion. Your GST pays for nothing.
Most Canadians Have No Idea What The Government Is About To Introduce – And It May Just Ruin Your Life
Most Canadians have no idea this is being introduced in 2026 🇨🇦 The 3 New CRA Audit Powers. They could impact anyone audited. However, this legislation hasn't passed yet – protect yourself and other Canadians by taking action. Awareness is how change starts 🤝 Step 1️⃣: Sign the Petition Step 2️⃣: Fill the MP Letter Step 3️⃣: Share Original Video (3 CRA Powers Coming In 2026 Will Ruin You) ⛓️💥 All links are in our Linktree.
Resources on CRA & Compliance
US Client Toolkit
A complete toolkit for Canadian corporations billing US client, covering W-8BEN-E, HST zero-rating, withholding, and cross-border tax considerations.
Bare Trust Filing Checklist
A 3-phase guide to identify bare trusts under Canada's reporting rules, including exemptions, 5% penalty calculations, and required T3/Schedule 15 filings.
CRA Audit Protection Checklist
Three phases of audit defence — what to document before a CRA agent shows up, how to handle requests during an active audit, and how to respond after a reassessment. Includes the 90-day objection deadline and the TEBA metric CRA tracks internally.
CRA Objection Survival Checklist
Six-step playbook for filing a Notice of Objection that actually wins — from the 90-day deadline math to the specialist questions to ask and the 4–24 month wait you should expect. Built for business owners or individuals who just received a Notice of Reassessment.
Crypto Tax Survival Guide
What the CRA actually looks at when they audit your crypto activity, the 6-step records checklist for staying audit-ready, the transaction tracking template, and red flags that trigger reviews. Covers exchange data, blockchain tracking, FINTRAC bank cross-reference, and the OECD framework coming in 2027.
MP Letter Template — Bare Trust Rules
A pre-written letter to your Member of Parliament asking them to oppose the bare-trust reporting penalties before Bill C-15 becomes law. Add your name, find your MP, send. No email required.
MP 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.