3 CRA Powers Coming in 2026 Will Ruin You

Video Description

The federal government is proposing three major new powers for the CRA — and they could fundamentally change how tax audits work in Canada. In this episode, we discuss: - The proposed power for CRA to put taxpayers under oath during an audit - The new $50 per day non-compliance penalty issued directly by auditors - How a single notice could remove the normal three-year audit protection window - Why tax professionals and legal groups are raising concerns - What Canadians can do right now before the legislation passes The draft legislation is already in Parliament, but it has not passed yet. That means Canadians still have the opportunity to raise concerns and understand what these changes could mean. Use the links below to make a change! *Links:* 🔗 *Sign the Petition:* https://c.org/2gQ9Wmb9jq 🔗 *Download the MP Letter Template:* https://tinyurl.com/y4f4ep63 📞 *Looking for Trusted Tax Advice?* Connect with Sankalp (Sunny) Jaggi, at Cedar Consulting Group 📧 *Email:* [email protected] 🌐 *Website:* https://www.cedargroup.ca/ 🔔 Subscribe for real-world tax and estate scenarios that show what happens without planning 👇 Comment below: Do you think measures like this are necessary to fight tax evasion — or do they risk giving too much power to auditors? **LEGAL DISCLAIMER:** This video is based on a real case, but names and some details have been changed to protect client confidentiality. This content is for educational purposes only and does not constitute legal or tax advice. Always consult with a qualified tax professional before making financial decisions. 00:00 – The CRA Is About to Get 3 Dangerous New Powers 00:14 – These Powers Can Be Used Against Anyone 00:27 – Power #1: CRA Can Put You Under Oath During an Audit 01:18 – Why This Is the Biggest CRA Power Shift in 15 Years 01:56 – The Hidden Risks of Being Questioned Under Oath 03:39 – Power #2: The New $50/Day Non-Compliance Penalty 04:13 – One Auditor Can Fine You Without Going to Court 05:07 – How You Could Be Fined Even While Cooperating 06:55 – Power #3: Losing Your 3-Year Audit Protection 07:45 – How One Notice Can Pull Your Entire Family Into an Audit 08:50 – How All Three Powers Work Together 09:38 – What Canadians Can Do Right Now