Dealing with CRA agents can be intimidating, and some individuals tend to accept rulings without fully understanding the auditor’s judgment. Getting familiar with regulations pertaining to your case can help ensure you are treated fairly and efficiently.
We can assist with the following
Frozen Bank Accounts
Salary and Fund Garnishments
Asset Seizures and Liens
Interest and Penalty Relief
Voluntary Disclosure Programs
Payroll and GST/HST Audit Support
The Canadian Tax system is based on a self-assessment principle, meaning filings are sent to the CRA without back-up documentation. Then the CRA has the right to request proof of any claims made, which is most commonly referred to as a “tax audit”.
CRA Audits may entail:
Simple request of source documents for transactions claimed
Calculation breakdown of figures reported
Names and numbers of customers, employees or suppliers
Full disclosure of Bank and Visa Statements
Review of contracts and agreements
Visit to where “books and records” are kept. (you or your accountants office)
Need more information? Contact us.