January 23, 2024
Canada Revenue Agency (CRA) Headcount Has Grown 49.5% In 8 Years (June 2023)
The headcount has grown (since last measured) by 49.5% in 8 years.
We believe that the headcount is even higher.
Do you believe that the CRA is going to be targeting billionaires or the small fry that represents all of us individual Employees, Gig Workers, Contractors, Self-Employed, and Small Business owners...
The cold hard reality is that documentation & substantiation requirements are growing massively and the level of complexity is growing each and every year.
Protect yourself by ensuring you have all the documents & reports that you need to protect yourself against the inevitable audit.
We anticipate that the level of auditing activity is going to spike dramatically.
ARTICLE SOURCE : https://financialpost.com/personal-finance/taxes/cra-big-increases-funding-better-spent-elsewhere