CRA Representation And Audit Support Services In Toronto
A CPA accountant familiar with the Canadian Income Tax Act can help protect your rights, and support you with your tax filing needs.
CRA Representation
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
Canadian Regulations
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)
