The agency recovered $604.5 million from Ontario and $422.6 million from British Columbia in the last four years for a total of $1.027 billion. ARTICLE CONTINUES BELOWIn B.C., after auditing 7,400 files, 63 per cent of $422.6 million in recovered money came from those who under-reported income tax. real estate transactions, which the province now shares with CRA. The two provinces are home to the most heated real estate markets in Canada, Vancouver and Toronto. The federal tax authority has been taking a closer look at real estate in the two provinces since 2015, and has identified the sector as high risk for tax evasion.

Source: thestar May 30, 2019 20:26 UTC