Region: Ontario
Area of Law: Tax Law
Answer # 3753
Area of Law: Tax Law
Answer # 3753
How does the CRA Audit process work?
Region: Ontario Answer # 3753The CRA audit process generally works like this:
- Notification: The CRA will notify you that you (or your business) is being auditied.
- Document Review: The CRA will requests your tax records (books, records, receipts, and other supporting documents).
- Analysis: The auditor will review your documents and assess accuracy, compliance determine if there are any discrepancies.
- Findings: The CRA will notify you of the results of the audit, which may include reassessment, additional taxes owed, penalties, criminal investigation, or refunds.
- Resolution: You choose to either accept the audit results or dispute them through the CRA appeals process.
For more information on appealing a CRA audit decision, view Topic Objecting or Appealing a CRA Audit Decision.
Get help
For advice and assistance with tax planning, a CRA tax dispute, or other tax issues, contact KPK Law.
Personal and business tax issues are vast and complicated. To get help, ask a lawyer now.
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