Expanded CRA audit powers could potentially infringe on taxpayers' rights and increase compliance burdens.
The CRA is set to receive broad new powers to compel taxpayers to comply with its requests for information, documents and assistance during audits. Taxpayers may find it more difficult and costly to exercise their right to withhold information to which the CRA is not entitled, such as information subject to solicitor-client privilege or involving unnamed third parties.
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CPA Canada Administrator
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