Wednesday, October 16, 2019

CRA NAILS HOME DEPOT FOR INFORMATION

The Canada Revenue Agency (CRA) is trying to use information from Home Depot customers to crack down on the underground economy.

The company sent out letters to customers who have a commercial credit card account, notifying them Home Depot would be handing over information like business names, addresses and purchases between 2013 and 2016 to the agency.

One tax lawyer told Global News the additional information could help the CRA crackdown on contractors getting paid under the table.

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