Published: April 19, 2023
One thing that raises the CRA’s suspicions is when reported income is well below the median income for a specific postal code, says David Rotfleisch, CPA, lawyer and founder of Rotfleisch & Samulovitch Professional Corp. in Toronto.
Clients who are legitimately in this position – for example, because they inherited property from their parents – must be prepared to explain how they support their lifestyle.
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