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It is Reassess First, Ask Questions Later Era at CRA

There is a trend taking place in the last twelve months.  The number of CRA reviews that I am dealing with have increased noticeably.  Many of these reviews are not for an earth shattering amount of GST or income taxes being reviewed.  They are what I would call random audits to see if the taxpayers randomly chosen are being honest

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Why a Real General Ledger is the First Line of Defense During a CRA Tax Audit

Many mature businesses have endured this at least once during their life time – a CRA tax audit.  Most businesses survive an audit with no issue.  This happens when the business has an adequate set of financial records that is easy for the CRA auditor to examine.  So what makes up an adequate set of financial records. First of all,

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Why Choose the Higher-Priced Professional Tax Advisor?

Increasing Risk of Being Selected for an Audit In our last blog we mentioned that it is no secret that the Canadian government and the CRA have recently been finding new ways to raise revenue. Recent news articles in the Globe and Mail have reported that the CRA has been devoting more resources into uncovering routine common filing errors made

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