Every year, the Canada Revenue Agency (CRA) selects a portion of filed tax returns for closer review. While some audits are triggered by random selection, the majority are anything but random. The CRA actively concentrates its audit resources on specific areas it has identified as high-risk, and those priorities shift Read more
Each year, the Canada Revenue Agency (CRA) launches special projects targeting specific aspects of tax returns based on trends, errors, or fraud identified in previous years. Understanding these targeted review areas can help you prepare your taxes more effectively and avoid potential pitfalls. This article explores these areas, explains the Read more
How to Keep Audits Away from Your Business Nobody likes audits. They’re a headache, take up a ton of time, and can even cost you money if things go sideways. The good news? Most audits aren’t random. They’re triggered by stuff you can actually control. Let’s talk about how you Read more