Business

CRA penalized taxpayer for failure to report income. The twist: She is an accountant

Financial Post · August 19, 2026 at 12:19 p.m.

If you forget to report some of your income on your tax return, you’ll be able to avoid a penalty the first time around.

But, if you get caught a second time, you could be hit with a “repeated failure to report income” penalty, even if the omission was due to a purely innocent mistake.

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CRA penalized taxpayer for failure to report income. The twist: She is an accountant

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