10 red flags that could lead to a CRA audit

Author: External Author | Mar 23, 2021 | 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.

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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/