CRA looking at your Facebook

CRA looking at your Facebook

CRA looking at your Facebook page.  On October 25, the Financial Post wrote an interesting article about CRA looking at taxpayers Facebook posts.  What are they looking for?  Expensive holidays, fancy restaurants, lavish cars and lifestyle.  Why are they looking for this?  To make sure you report all your income to support your lifestyle.  It is necessary for you to report all your world wide income on your tax returns.  If you have not reported all your income CRA has a Voluntary Disclosure Program whereby you can report any income you may have missed.   It is better to report and pay the income taxes than to be audited.   Please email me or call me if you would like to report any further income.

In the meanwhile here is the link to the article:

 

http://business.financialpost.com/2014/10/25/is-the-cra-creeping-your-facebook-page/

 


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