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The CRA is cracking down harder than ever, claiming it is missing out on over $20 billion per year in tax revenue.
Audits are up, penalties are harsher, and more Canadians are getting flagged. If you’re not careful, you could end up with the dreaded ‘You’re being audited’ letter from the CRA.
But don’t worry—today, I’ll walk you through four ways you might be at risk and, most importantly at the end I’ll show you how to protect yourself.
Explore these links:
3 Legal Tax Loopholes the CRA Still Allows: https://www.youtube.com/watch?v=MDQn2ymN-gc&t=19s
The CRA is Watching TFSA Holders: Avoid These 3 Red Flags!: https://www.youtube.com/watch?v=Qr2LFVxVWBE
Blog Post: https://blueprintfinancial.ca/the-cra-is-auditing-more-canadians-in-2025-are-you-at-risk/
Chapters:
00:00 Introduction
00:27 Targeting Tax Fraud with New Technologies like AI
02:48 The Proposed CRA’s Expanded Audit Powers
05:02 Increased Audit Activities in Real Estate and Cash-Based Businesses
06:46 Crackdown on Aggressive Tax Planning and Evasion
08:59 How to Protect Yourself from Increased CRA Audits and Crackdowns
Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
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