Audit Assistance

Have you received any reassessment notice from CRA. The responsibility is on you as a taxpayer to prove that the assessment is wrong in fact and law. Don’t panic! Act quickly and bring the notice of reassessment along with supporting documents to us and we will prepare to present factual support for your position.

CRA may choose to audit a taxpayer for several reasons. Here are just a few:

1. Random selection
2. Third party tips
3. Comparison of information on returns to information received from third-party sources or
4. Past history of non-compliance

Here are a few examples of issues that may arise in an audit that would cause a taxpayer to be reassessed at the end of an audit:

1. Overstated Expenses
2. Overstated Deductions
3. Overstated Credits
4. Underreported or unreported Earnings
5. Unreported offshore income
6. Unreported offshore income
7. Unreported offshore assets
8. Credits, such as for charitable donations, that are not supported by receipts

Be sure you have complete records detailing every expense and deduction you have claimed on your tax return!