SoloS118

S18: 3 CRA Powers Coming in 2026 Will Ruin You

The federal government is proposing three major new powers for the CRA — and they could fundamentally change how tax audits work in Canada. In this episode, we discuss: - The proposed power for CRA to put taxpayers under oath during an audit - The new $50 per day non-compliance…

Most Canadians Have No Idea What The Government Is About To Introduce – And It May Just Ruin Your Life

Quick Visual Summary

Most Canadians Have No Idea What The Government Is About To Introduce – And It May Just Ruin Your Life

3-slide guide · Open carousel →

Show Notes

The federal government is proposing three major new powers for the CRA — and they could fundamentally change how tax audits work in Canada.

In this episode, we discuss:

- The proposed power for CRA to put taxpayers under oath during an audit
- The new $50 per day non-compliance penalty issued directly by auditors
- How a single notice could remove the normal three-year audit protection window
- Why tax professionals and legal groups are raising concerns
- What Canadians can do right now before the legislation passes

The draft legislation is already in Parliament, but it has not passed yet. That means Canadians still have the opportunity to raise concerns and understand what these changes could mean. Use the links below to make a change!

*Links:*

🔗 *Sign the Petition:* https://c.org/2gQ9Wmb9jq
🔗 *Download the MP Letter Template:* https://tinyurl.com/y4f4ep63

📥 Resources from this episode

Template

MP Letter Template — CRA Audit Powers

A pre-written letter to your Member of Parliament asking them to oppose the three new CRA audit powers in the current bill. Add your name, find your MP, send. No email required.

What's inside

  • Pre-written body, ready to send
  • Fill in your name and your MP
  • Email or mail

Need more than a podcast? Cedar Group handles tax planning, restructuring, and sale-readiness advisory for founders.

CEDARGROUP.CA →