Capital Gains and Audits

b.c: Another $30.3 million was recovered in B.C., according to data posted on the agency website, according to Huffington Post Canada. The CRA investigates five central areas of concern when it comes to real estate: Questionable fund source House flipping Unreported income Unreported capital gains and unreported taxes Tax rebates claimed on home sales Houses are pictured in Vancouver, B.C. on Sept. 22, 2016. Over $210 million was collected from cases probed in Ontario between April 2015 and September 2016. In Ontario, most of the money was recovered from audits related to rebates. In B.C., money was recovered differently — most of the cash was collected after over 300 GST/HST audits. The rest came from GST/HST cases and income tax audits. (www.immigrantscanada.com). As reported in the news.