There are two different types of CRA audits:
The moment the CRA starts asking questions you should be on high alert. Sometimes what may appear to be a basic request for information is in fact a CRA audit. Sometimes your answers to very basic questions can trigger a CRA audit.
A tax audit that doesn’t end up in your favour can cost you! Big penalties, big interest and even prosecution if they view your activities as nefarious. Gross negligence penalties can be up to 50% of the understated tax and/or the overstated credits related to the false statement or omission.
Do not undergo a CRA audit unrepresented. If the CRA has started asking questions, contact us immediately for a free consultation. Our ex-CRA auditors and legal professionals can develop a strategy based on your personal circumstances and manage the CRA audit process for you.
We offer you a free initial consultation which you can book by completing our contact form, calling 1-888-868-1400 or emailing firstname.lastname@example.org to set up a phone consultation or in-person meeting today!