3 Major Red Flags That Could Trigger a CRA RRSP Audit [Yahoo! Finance Canada]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Yahoo! Finance Canada
Planning for your retirement is a big deal for Canadians! Registered Retirement Savings Plans (RRSPs) are a popular way to save. But there are some things that can make the Canada Revenue Agency (CRA) raise an eyebrow. Knowing what these red flags are can avoid any unwanted attention from the tax folks. So let's take a look at some. The red flags One thing the CRA keeps a close eye on is how much you put into your RRSP. Each year, your Notice of Assessment tells you exactly how much room you have to contribute. Putting in more than this limit can lead to penalties. Specifically, you could get taxed 1% per month on the extra amount if it's over $2,000. Furthermore, report all your income accurately, even bonuses or any side hustles. Not reporting all your income can make the CRA suspicious and could lead to an audit. Another thing that can ring alarm bells at the CRA is getting involved in shady investment schemes with your RRSP. RRSPs are meant to hold qualified investments, li
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ENB
Earnings
- 11/7/25 - Beat
ENB
Sec Filings
- 12/3/25 - Form 8-K
- 11/20/25 - Form 8-K
- 11/19/25 - Form 424B5
- ENB's page on the SEC website