Concerned about a Net Worth Audit from the CRA? These audits are used when the CRA suspects a mismatch between your reported income and lifestyle. Discover how the CRA conducts these audits, how they calculate net worth, and what happens if they find discrepancies.

A Gross Negligence Penalty can significantly impact your tax situation. Whether it’s underreporting income, inflating deductions, or failing to report offshore assets, these penalties can be severe—up to 50% of the understated tax or overstated credits. Learn how this penalty works, how it’s calculated, and what defenses may be available if you’re facing one.

If you’ve constructed or bought a new or substantially renovated home in Canada, the CRA might consider you a “builder”—even if you never picked up a hammer. Learn how the Excise Tax Act defines a builder, when GST/HST applies, and how personal-use exemptions could protect you from unexpected tax obligations.

Have you recently sold or renovated a home in Canada? You might be on the CRA’s radar for an HST Builder Audit—whether you think you’re a “builder” or not. Learn what triggers these audits, what to expect, and how to protect yourself from unexpected tax liabilities.

Just received a CRA Notice of Reassessment and feeling overwhelmed? Don’t panic—this blog walks you through five clear, practical steps to respond effectively, understand what changed, and take action if necessary. Whether it’s a simple error or a complex dispute, find out how to protect your rights and when to call in a tax lawyer.