Canada’s August 2025 draft tax legislation would significantly expand the CRA’s audit and enforcement powers. Key measures include mandatory responses under oath or affidavit, new Notices of Non-Compliance with $50-per-day penalties up to $25,000, and the ability to pause reassessment deadlines during disputes. Building on delayed 2024 budget plans, these proposals aim to boost tax transparency and cross-border compliance once enacted.
https://rsmcanada.com/insights/tax-alerts/2025/cra-tax-rules-draft-legislation-update.html?