Yet Another CRA Tax Scam to be Aware of

With the growth of technology has come an increase with ways in which scammers can reach victims. Within the past few weeks we have been made aware of an email that has been going around claiming that they are the Canada Revenue Agency (the “CRA”). If you have received an email that is similar to […]
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Income From Illegal Activities

Canadians are always surprised to learn that an illegal business must pay tax on its income. Be it drugs, prostitution, theft, etc., the Canada Revenue Agency (the “CRA”) still wants their cut. If a taxpayer is caught committing a criminal act they will obviously be brought before the Courts on a criminal matter. What taxpayers […]
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Real Estate Audits

Have you bought and sold a new condo over the past seven years? The Canada Revenue Agency (“CRA”) has deployed abusive audit practices and has been targeting the booming real estate markets in Toronto and Vancouver. The focus of this audit trend is primarily on individuals who intended on flipping said properties for a profit […]
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Is now a good time to come forward to the IRS?

U.S. Citizens worldwide have recently learned, especially through the enactment of FACTA, that they have a responsibility to come forward to the IRS. U.S. Citizens, whether residents or non-residents, dual citizens, and even non-U.S. Citizens who are deemed U.S. Residents are generally all required to report their worldwide income to the IRS, despite where they […]
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Spike in the Number of Nurses being Audited

I have seen a huge spike in the number of nurses being audited.  The number has increased dramatically over the last year.  The CRA is steadfast in going after the homecare sector and appears to be attempting to disallow virtually all of their deductions – despite the fact that many of these workers are only […]
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Barrett Tax Law was referenced in the Yahoo Finance article, ” What happens when your tax return gets audited”

February 23, 2015: Gail Johnson from Yahoo Finance wrote a useful article on “What Happens when your tax return gets audited” According to Barrett Tax Law, the CRA performed more than 370,360 audit and review actions in the 2008-09 tax season. During that period, it conducted 1,439 international tax audits and 34,111 tax shelter audits. Of those […]
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