Tag Archives: tax audit toronto

Tackling and Surviving a CRA Tax Audit

The best thing to do when you receive a CRA Notice of Assessment is to stay calm and deal with it.  You have to open all the brown envelopes that you get from the CRA. If you happen to receive calls from the CRA, you have to receive them without flinching or return them promptly » Read More

Records to be kept for a CRA Tax Audit

Apart from the CRA tax audit, there are legal requirements for keeping your financial records pertaining to the tax returns. All paper and electronic documents kept on a computer disk have to be retained in Canada at the request of the CRA. The records have to be either in English or in French. There are » Read More