# CRA Audit Nightmare: How I Lost $14 Million in Real Estate (And What I’m Doing Now)

Page: https://stenobird.com/podcast/the-truth-about-financial-independence-for-canadians-50498/cra-audit-nightmare-how-i-lost-14-million-in-real-estate-and-what-i-m-doing-now
Text version: https://stenobird.com/podcast/the-truth-about-financial-independence-for-canadians-50498/cra-audit-nightmare-how-i-lost-14-million-in-real-estate-and-what-i-m-doing-now.md
Podcast: [The Truth About Financial Independence for Canadians](https://stenobird.com/podcast/the-truth-about-financial-independence-for-canadians-50498)
Published: 2026-02-11T17:25:02+00:00
Episode link: https://podcasters.spotify.com/pod/show/erwinszeto/episodes/CRA-Audit-Nightmare-How-I-Lost-14-Million-in-Real-Estate-And-What-Im-Doing-Now-e3ev1rq
Audio file: https://anchor.fm/s/10492c5fc/podcast/play/115361082/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-1-11%2F417913651-44100-2-9547397f4abe8.mp3
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Duration seconds: 4986

## Resource

Adam Kitchener built a $14 million real estate portfolio — and then lost it after a CRA audit. In this episode, he shares the hard lessons from scaling fast, navigating tax mistakes, surviving an audit battle, and rebuilding from scratch. If you're a real estate investor, landlord, or entrepreneur in Canada, this is a cautionary story you can’t afford to miss. Connect with Adam: https://renovationsolutions.ca/

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## Transcript

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