The Department of Finance recently released draft legislation to implement proposals set to give the Canada Revenue Agency expanded new audit powers.

The federal government is set to give the Canada Revenue Agency (CRA) expanded new audit powers, including the power to compel testimony under oath and to impose new non-compliance penalties, despite tax advisors’ concerns that the proposals raise risks and costs for taxpayers unnecessarily.

On Aug. 15, the Department of Finance released draft legislation to implement the proposals, replacing draft legislation it released in August, 2024, to advance the same changes, but which was not tabled in the House of Commons last fall. The revised proposals are out for consultation until Sept. 12.

Although the newest set of draft legislation include

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