Getting Audited by CRA is no laughing matter Getting Audited by CRA is no laughing matter. If handled improperly, you could find yourself in a lot of trouble. Criminal charges, Reassessments, CRA collections, and bankruptcy happens to those who don’t understand the seriousness of getting things fixed now. It does not matter what your problem …
Does CRA have the right to access your electronic files? Such as QuickBooks and Simply Accounting Files. The quick answer is yes they do have the rights to those files. However this brings up a big problem being that one can not separate the files by year. CRA says they have a way, yet QuickBooks …
Risk-based Audit Process In the newest evolution of “Big Brother is watching you.” CRA has announced it has instituted a risk-based approach to audits whereby CRA meets with senior representatives of the taxpayer to: Explain the redefined risk-based approach to large business compliance and how the approach affects taxpayers; Share CRA’s findings and observations noted …
In the newest evolution of “Big Brother is watching you.” CRA has announced it has instituted a risk-based approach to audits whereby CRA meets with senior representatives of the taxpayer to: Explain the redefined risk-based approach to large business compliance and how the approach affects taxpayers; Share CRA’s findings and observations noted during the taxpayer’s …