SAU Consulting & Business Advisory Services CRA Audits in Canada www.sauconsulting.ca
About CRA Audits
When the Canada Revenue Agency (CRA) audits a business, it closely examines the company's books and records to ensure that they support the amounts reported on tax returns, ensuring that the company pays the correct amount of taxes and receives any benefits to which it is entitled.
The Canada Revenue Agency may also choose to audit a person or business even if there is no reason to do so. In general, the CRA can audit a person up to four years after a tax return has been filed, except in a few cases, such as a case of suspected fraud or misrepresentation.
The risk-assessment systems of the CRA identify tax returns that are considered to be at high risk of noncompliance. When a return is flagged as high-risk, a CRA officer will review information from multiple sources to determine whether an audit is required to address the risks identified.
If the CRA discovers a mistake or miscalculation, they may request supporting information or documents for a specific amount. An audit is a thorough examination of an individual's income tax returns, usually spanning more than one year.
How can we assist you?
Canadian tax rules are complicated, and the final tax liability is largely determined by how the tax law is interpreted. But don't be concerned. SAU Consulting offers CRA Audits in Canada that are over budget.
Contact Information: Address: Suite 2010, 777 – 8th Avenue SW Calgary, Alberta T2P 3R5 Phone: (587) 284 3266 Email : info@sauconsulting.ca Website: www.sauconsulting.ca
