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Tax evasion

Personal Tax Small Business

Consequences of Tax Errors in Canada

1. Reassessment by the CRA When the CRA identifies discrepancies in your tax return, they may initiate a reassessment. This process involves a thorough review of your tax filings and can lead to: 2. Penalties The CRA imposes various penalties depending on the nature and severity of the error. 3. Read more…

By Caitlin Lawrence, 7 monthsOctober 23, 2024 ago
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