CRA sued for $32-million – result of multiple CRA audits

Canada Revenue Agency

Canada Revenue Agency sued for $32-million

CRA sued for $32-million – result of multiple CRA audits

Cardel Construction a real estate developer has initiated a lawsuit against the Canada Revenue Agency and is seeking $32 million in damages. CRA audited the books of Cardel and assessed $219-million in taxes, which equates to 150% of the corporate and personal income. The shareholders claim this to be a intimidation threat and have launched this lawsuit in return. Read more about the lawsuit directly on BNN.

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