Non-compliance results in denial of expense deductions, raising taxable income
CRA has identified more than 2,500 groups that belong to the GHW population
If proposals pass, CRA can impose harsh new penalties and compel taxpayer testimony under oath
Administrative changes are welcome in an area fraught with uncertainty
Actions may include taking payments from wages or bank accounts
Agency assessed $2.7 billion in additional tax and penalties from 2015 to 2023
Most adjustments were related to calculation errors and lack of documentation rather than ineligibility
Amid automatic tax filing, a proactive approach is required
Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor
Agency appears to be making a case for sustained funding as it tries to avert budget cuts