The Canada Revenue Agency (CRA) has recently published its latest federal tax gap report which covers the period 2014 – 2018.
Key GST/HST gap findings for the period 2014 to 2018
- The GST/HST reporting gap averaged $4.1 billion in the period, representing around two thirds of the gross GST/HST gap……
Compliance and collection activities
The CRA’s compliance and collection activities appear to have had a significant impact on reducing the GST/HST gap. The report highlights that the CRA has focused its efforts on auditing high-risk GST/HST registrants
Source: Avalara
