Tax Evasion Prevalent in Toronto, Vancouver Real Estate Markets: CRA Survey

Tax Evasion Prevalent in Toronto, Vancouver Real Estate Markets: CRA Survey
The Canada Revenue Agency (CRA) headquarters Connaught Building in Ottawa on Aug. 17, 2020. The Canadian Press/Sean Kilpatrick
Updated:

Research conducted for the Canada Revenue Agency (CRA) suggests that various forms of tax evasion are commonplace in the country’s most expensive real estate markets.

“Compared to individual taxpayers, those working in the real estate industry believed non-compliant behaviour was occurring quite frequently at present,” says the report, which was first covered by Blacklock’s Reporter.