Real estate transactions are under increasing scrutiny by the CRA. Whether you’re buying, selling, or flipping property, these activities can give rise to complex tax issues and disputes.
The CRA frequently audits real estate transactions to challenge how income was reported, whether GST/HST applies, and if capital gains exemptions were claimed correctly, often imposing significant taxes and penalties.
CRA challenges to principal residence exemption claims.
Reassessment of profits from property sales as fully taxable income.
Audits on new home construction, renovations, or assignments.
If the CRA has contacted you about a real estate transaction—or if you’re concerned about past filings—speak with a tax lawyer before responding. Contact us for a confidential consultation.