Canada Revenue Agency

Rental income is a source of revenue that must be reported for taxation purposes.

We are advising homeowners in the neighbourhoods of Fort Richmond and University Heights to report suspected tax evasion anonymously on the Canada Revenue Agency website:

• The Government of Canada is cracking down on tax evasion!
• On April 11, 2016, the Government of Canada announced it will invest over $444 million to enhance the Canada Revenue Agency’s (CRA) ability to detect, audit, and prosecute tax evasion – both at home and abroad.

Tax evaders may face criminal penalties including jail time, and fines up to “200% of the amount”. If you are not a Canadian citizen, tax evasion may impact your immigration/work visas and you may be deported from Canada.

The Criminal Investigations Program investigates instances of tax evasion and refers cases to the Public Prosecution Service of Canada. The Canadian Revenue Agency has become more aggressive and publishes conviction statistics. Such statistics include the PPSC’s conviction rate of 96% during the 2012-2013 tax year.