An overview by Borden Ladner Gervais
In its June 2022 “Overall Federal Tax Gap Report, 2014-2018,” the Canada Revenue Agency (CRA) estimates that its net tax gap for 2018 ranges between $18.1 billion and $23.4 billion.
The new federal tax gap report identifies key areas of tax non-compliance or non-payment. As such, corporations operating in certain sectors identified as high-risk in terms of non-compliance will likely be subject to increased audit scrutiny.
Laura Goldbach (Partner), Natalie Goulard (Partner) and Les Honywill (Associate) of our Canadian firm, Borden Ladner Gervais, provide a detailed overview of the report.
Read the full article here.
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