CRA Powers
Episodes on 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 on CRA Powers
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.