By Ryan Morris and Michael Ding ( November 23, 2023, 2:21 PM EST) -- Non-tax advisers, particularly corporate/commercial, estates and bankruptcy lawyers, should read this article. Such advisers can easily and unwittingly fall under new notifiable transaction rules requiring them to file an information return with the Canada Revenue Agency (CRA). Financial penalties and other adverse consequences arising on a failure to file the applicable information return can be severe. This includes an adviser being liable for a penalty in excess of their fees (even if a late filing is made)....