Eager to try out CRA’s long-promised income verification tool for mortgage applications?
Well, you can stop refreshing your browser on CRA’s website. Not even the blueprint for this mythical system yet exists — and at this point, some in the industry suspect it’s been permanently parked in “let's do more studies” mode, right beside perennially detoured projects like high-speed rail and pipelines.
We asked the Finance Department and CRA whether they still plan to deliver this fraud-fighting, lender-efficiency miracle. Here’s what they came back with...minus the miracle.
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