During an audit, the CRA closely examines the books and records of a taxpayer to confirm whether they are fulfilling their tax obligations, following tax laws correctly, and receiving the benefits and refunds to which they are entitled. Most taxpayers comply with the tax …

Information about how the Canada Revenue Agency conducts business audits, which records are examined, how to avoid delays, and videos explaining the tax audit process.

Oct 26, 2022 · Learn how to avoid being audited. We’ll help you understand and sidestep the most common causes of a CRA audit. When you know these, you can file your taxes worry-free.

Sep 4, 2023 · Understanding the intricacies of CRA audits is crucial for both individuals and businesses. This section aims to shed light on what triggers a CRA audit, the different types of audits you could face, and the general process involved.

Mar 7, 2022 · What does a CRA auditor examine during an audit? A CRA auditor will examine books and records, documents, and information (collectively referred to as records).

6 days ago · Jessica Medrano of Toronto has been using TurboTax for more than a decade and was surprised when the CRA recently reassessed her family’s taxes for the years of 2021, 2022 and 2023.

Feb 3, 2025 · Understand CRA audit timelines and protect yourself from potential tax reassessments and penalties. The Canada Revenue Agency (CRA) can audit your tax returns from previous years. But how far back they can go depends on several factors. Let’s break down the key timeframes and what they mean for you.

Aug 8, 2023 · The Canada Revenue Agency (CRA) conducts audits to ensure compliance with tax laws and regulations. In this comprehensive guide, we will delve into the various types of CRA audits, shedding light on their purposes, procedures, and implications.

Sep 16, 2024 · Facing a CRA audit? Explore best practices and step-by-step advice to successfully navigate the audit process for your Canadian small business.

Sep 13, 2024 · Every Entrepreneur Should Learn CRA Audit Triggers. Understanding what actions or mistakes typically lead to a CRA audit, including underreporting income, overstating expenses, and non-compliance with payroll taxes, can empower you to reduce your audit risk and deal with audits efficiently.