
CRA on the Hunt for Details of Tax Delinquent US Property Owners
By Monica Martinez, CPA, CA, CPA (Illinois) The Canada Revenue Agency (CRA) is stepping up its efforts to identify Canadian residents who may have undeclared income from real estate property owned in the United States, or who have failed to disclose their US property on CRA’s Form T1135. To help track down potentially tax-delinquent US […]