Canada: CRA Tax Audit Of Building Contractor Unreported Income (Video)

Last Updated: October 25 2016
Article by David Rotfleisch

The building sector is one of three sectors, the other two being restaurants and retail sales, that CRA has said it is targeting as part of its announced crackdown on unreported income and the underground economy. CRA has taken some innovative tax audit approaches to detecting building contractors with unreported income as part of the CRA focus on the cash economy that has been a CRA priority for several years. The building construction industry has been identified as being of particular concern for unreported income.

© Mondaq® Ltd 1994 - 2018
All Rights Reserved