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Send your Question below 〰️

CRA AUDITS and Reviews

Do you have a tax question?
click on “Canadian Tax Forum

 
 

FAQ’s - CRA Edition

  • If CRA sent you a letter it’s very time sensitive. You generally have to reply back to the CRA within 30 days. Please contact us immediately by sending the letter to us or booking the Help - I got a letter from CRA

  • There are 4 different types of audits you can expect as a small business owner.

    Personal Tax Audits
    Corporate Tax Audits
    HST Tax Audits
    Payroll Tax Audits

  • No. Audits are completely random. Somethings can trigger a audit such as over expensing and not staying in line with your industry ratios but generally CRA Audits are randomly selected by their super computer.

  • You have a Tax payer bill of rights which allows you to file a appeal within 90 days of the letter date. You have to back up your claim with Tax knowledge. It’s best you reach out to us and help you with this.

  • Since the pandemic of 2019 the CRA agents have moved to working remotely and even if the CRA agent was asking to come into the office we would invite them to our office in Mississauga.

  • Those scammers are working overtime. Don’t panic. Just give them our phone number 416-903-4040 and our reception is trained to deal with them.

  • You would fall into the voluntary disclosure program. We can look at your file and clean up your prior unreported income. The CRA will just charge interest and not penalties on the total tax owing.

    Please note the process is quite long but the sleep is worth it!

  • No you don’t have to speak to the CRA we can speak to the CRA on your behalf if we have your Authorization on file with our firm.

  • Yes we do have CRA Audit protection for our CFO Plan.

    You can contact us via support@capexcpa.com to discuss add ons.