March 15, 2024
One Of Canada's Most Respected Real Estate Industry Experts Rants About Tax Authority Auditing
Ron Butler is one of Canada's most respected Real Estate Industry players.
He has a very large following in Canada with 90% of his audience being Real Estate Agents and other industry players.
He has his ear to ground on themes that are occurring in the Real Estate industry, and he is in constant communication with industry stakeholders.
For him to put out this video and the style of it, speaks to a very significant trend in the Real Estate industry.
If you pay attention to the litany of expenses that the CRA is challenging and auditing, they have 100% overlap to the types of expenses that all Gig Workers (Blue Collar, White Collar, Contractor, Self-Employed) will have.
Ron's rant also dovetails with all of the research we are gathering from credible 3rd party experts that speak to the increased level of auditing that the CRA is doing.
They are very much going after Nickles and Dimes, as is every tax authority in the world.
Watch the video to the end, and Ron is right... Instead of going after billionaires and criminals washing their money through the Canadian Housing Market they are going after the working poor, and the middle class that can't afford $1,000 / hour tax lawyers.
Examples Of CRA Activities That Support Ron's Rant
- Canada Revenue Agency (CRA) Headcount Has Grown 49.5% In 8 Years (June 2023) : https://www.one-receipt.com/media/interesting-facts...
- 23% Increase In CRA Audit Activity In February 2024 : https://www.one-receipt.com/media/interesting-facts...
- CRA Now Implementing New Reporting Requirements For RRSPs & RRIFS - Documentation & Substantiation Growing : https://www.one-receipt.com/media/interesting-facts...
What you are about to watch is specific to Canada, but all of our research indicates that the level of auditing by Tax Authorities on tax returns is spiking globally.
Follow Ron Butler On Instagram : https://www.instagram.com/reel/C4dWAdJucq0/?igsh=a...