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Rising CRA Scrutiny: Four Audit Hot Spots Canadians Should Watch

Canadian taxpayers and business owners are facing a period of heightened enforcement as the Canada Revenue Agency (CRA) expands its audit activity. Recent shifts show a clear pattern: the CRA is leaning more heavily on data matching, AI‑driven analytics, and strengthened legislative powers to identify inconsistencies and pursue non‑compliance. Four areas, in particular, are drawing increased attention. 1. Inconsistent Revenue Reporting The CRA is closely comparing GST/HST filings with corporate income tax returns, and mismatches are one of the fastest triggers for an audit. When sales reported for GST/HST don’t align with income tax filings, the CRA flags the discrepancy for review.  2. Expense Claims That Don’t Match Business Activity Expense claims that appear unusually high relative to revenue are under sharper scrutiny. The CRA is using benchmarking tools to compare businesses within the same industry, making outlier claims more visible than ever.  3. Capital Gains R...
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Ottawa presses for united front to tackle Trump’s promised tariffs

 

Ottawa is indeed pushing for a united front to tackle the tariffs promised by President-elect Donald Trump. Trump has threatened to impose a 25% tariff on all products entering the U.S. from Canada and Mexico, citing concerns over illegal immigration and drug trafficking. 

Prime Minister Justin Trudeau and the provincial premiers are working together to address this issue. Trudeau has already had discussions with Trump and plans to meet with the premiers to form a cohesive strategy. The potential impact on the Canadian economy is significant, with experts warning of catastrophic effects on various industries.

It's a tense situation, but the hope is that a united Canadian front can mitigate the potential damage. 



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