Arguably, the cheapest, fastest, and dirtiest way in which the CRA can audit a taxpayer is by employing the "net worth" method. It throws all principals of good audit practice to the wind and allows the auditor to essentially go freestyle. And it results in reassessments. Lots and lots of huge, unfair reassessments. And no CRA auditor was ever fired for coming back to the office with lots and lots of huge reassessments. Never. And as an auditor, it is better to err on the side of caution. Plus, if the taxpayer disagrees with the reassessment, they can go ahead and object. And if they lose their objection, they can always appeal to the Tax Court of Canada.
PanFinancial Insurance Solutions
Investment/ Wealth Management Firm in Toronto, Ontario
Our wealth managers work closely with clients across Toronto, Niagara Falls, Kitchener, Barrie, Peterborough, Hamilton, Oakville, Guelph, Oshawa, Markham, Vaughan, Brampton, Mississauga, St.Catherines, Orillia, and Collingwood, Ontario.
Welcome to the PanFinancial Group
At PanFinancial, we deliver wealth care strategies to affluent individuals. As leaders in the wealthcare field, we continually strive to ensure excellence in our service. In this pursuit, we created THE WEALTHCARE SOLUTION? - a cornerstone to greater financial success.
We can help you achieve your financial dreams. Why not let us show you how?
The city's "stunning" growth has a downside.
Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips the supply of new housing, an urban planning expert is warning.
Founded by our principal, Gordon Berger, our group set its roots in 1985 and built our business on a foundation of integrity, due diligence, and innovation.