10 red flags that could lead to a CRA audit

Author: External Author | | Categories: Accounting Services , Accounting Software , Bookkeepers , Bookkeeping Services , Business Advisors , Business Advisory , Business Planning , Cash Management Solutions , Cloud Accounting Solutions , Corporate Income Tax , Franchise Accounting Experts , Payroll Services , Personal Income Tax , Rental Property Accounting Experts , Service Business Accounting Experts , Small Business Accounting , Tax Advisors , Tax Consultants , Tax Planning , Tax Preparation , Tax Preparers , Virtual Tax Preparers

Audits can stem from things you do — or don't do — when filing your tax return

Typically, the tax agency will send out about 30,000 letters a year letting Canadians know they’re being audited. While that’s just a fraction of the 27.5 million taxpayers out there, you may still be sweating over what to do if you are one of the lucky few.

Read More

Original Article Source Credits: financialpost.com, https://financialpost. com/

Article Written By: MoneyWise

Original Article Posted on: Mar 15, 2021

Link to Original Article: https://financialpost.com/moneywise/10-red-flags-that-could-lead-to-a-cra-audit/wcm/4e8636e7-8a39-4542-a324-5525f26e3d17/amp/

Read More Blog Articles