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Audit Representation

You received your CRA Notice of Assessment. Now what?

man reviewing cra notice of assessment

Last updated: Jun. 5, 2021 
After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips below on what to look for when you receive your NOA, common discrepancies between your NOA and tax return and how to handle them. What is a … Read more

COVID aid paperwork must be in order as audits loom

man writing on paper

Last updated: Jul. 10, 2020 
Canada’s accumulated deficit with all the COVID-19 related emergency spending programs will most likely top a trillion dollars for fiscal year 2020-21, up from $685.5 billion last year, according to government estimates. Many of those programs were, and if still available, continue to be extremely useful in providing a financial buffer … Read more

How the Sharing Economy Impacts Your Taxes

Cottage on the lake

Last updated: May. 8, 2019 
The sharing economy is a kind of shadow economy, where private individuals share products or services, either for free or at a cost. Sharing economy arrangements are typically conducted online, through a community-based website. The sharing economy is hardly new. For thousands of years people have shared their assets, but the … Read more

CRA Audit Triggers and What to do if CRA Audits You

books farm business tax

Last updated: Aug. 15, 2018 
More small and medium businesses are being audited these days. Canada Revenue Agency (CRA) has ramped up audits of small- to medium-sized enterprises. Audits are nothing to fear if you comply with tax rules and regulations. Knowing how CRA selects taxpayers for audit, as well as what to expect during an … Read more

CRA Representation and Tax Audit Assistance

CRA Representation and Tax Audit Assistance

Last updated: Jul. 11, 2018 
How Tax Professionals Can Help with CRA Representation and Audit Support Preparing taxes can be stressful at the best of times but dealing with the Canada Revenue Agency (CRA) and getting audited takes it to an entirely different level. If you’re a small business owner, independent contractor, or farm operator, and … Read more

Debunking Canadian Tax Audit Myths

Top Myths about Canadian Small Business Tax Audits

Last updated: Feb. 7, 2018 
Top Myths about Canadian Small Business Tax Audits Filing taxes can be taxing, even for small business owners who love numbers. That’s because Canada’s tax laws are always in a state of flux and changing from year-to-year. A lot of small business owners are afraid that making a mistake on their … Read more

When to Hire a Tax Consultant as a Small Business

When Is the Right Time for a Small Business to Hire a Tax Consultant?

Last updated: Jan. 17, 2018 
Hiring a Tax Consultant for Your Small Business Hiring a professional tax consultant for your small business is a strategic move that could save your business a lot of money in the long run. A small business tax consultant is important to your business’ bottom line because they are there for … Read more

Get a Tax Professional for Family Business Taxes

a family talks about business taxes

Last updated: Nov. 8, 2017 
What a Tax Professional Can Do for Your Family Business Family businesses, big or small, are the backbone of the Canadian economy. In fact, approximately 80% of all businesses in Canada are family-owned. On top of that, family-owned businesses are responsible for the majority of the country’s gross domestic product (GDP). … Read more

5 Triggers That Can Lead to a Tax Audit

tax triggers audit

Last updated: Jun. 14, 2017 
5 Risk Factors That Can Cause a CRA Audit The 2016 tax season may officially be over and your tax refund may already have been deposited into the bank, but the Canada Revenue Agency (CRA) is only just getting started. If you happen to be one of the millions of Canadians … Read more