How The CRA Selects Its Audits
- Audit Projects – The CRA tests the compliance of a particular group. If the group tests indicate non compliance among the group, this can trigger an audit.
- Leads – Other audits, investigations, and outside sources can trigger an audit.
- Secondary Files – Sometimes audits are conducted based on a partnership or association with a previously audited person or business.
How CRA Conducts Its Audits
If your return is selected for an audit, the CRA will review your records either at their office or at your place of business. Records for audit include the information on file at the CRA office, selected returns, financial statements, previous audit reports, business ledgers, journals, bank accounts, sales invoices, purchase vouchers, and expense accounts. To avoid delays, the CRA recommends keeping well-kept records.
Toronto CRA Tax Audit Solutions
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Tax 911 Now is available to help customers in Toronto, Markham, Calgary, and Vancouver and more with all their CRA tax audit solutions.