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Audit Triggers to Avoid
If you're audited by the CRA we'll represent you at no extra cost. This is part of our Member Service Guarantee, which includes Audit Protection.
You have the peace of mind knowing that we stand behind the tax solutions that we prepare for you.
The experience, expertise and painstaking care we bring to each Member relationship means peace of mind for you in any dealings with government agencies/departments and financial institutions.
Have you been contacted by CRA for an audit of your farm or small business?
We use our tax expertise and experience dealing with CRA to your advantage
FBC has established a solid reputation by consistently providing high-quality products and services, including Audit Protection. All Members benefit from this reputation.
We know what works and we stand behind our solutions
We’ll reimburse you should you ever be charged penalties caused by FBC errors.
If you’re audited or challenged by CRA on a tax return, we’ll represent you – all the way to Tax Court if warranted. And, we’ll cover the court costs and legal fees.
FBC acts as a buffer between you and CRA
You’ll never have to deal with government officials alone. As an FBC Member, we will act as your audit representative on any challenge of your returns for income tax or GST/HST.
If CRA sends you a notice of reassessment or an indication of pending audit – call us immediately, and we can deal with CRA on your behalf. Timing is critical in such matters, since there are deadlines for filing challenges.
CRA Audit Facts
- In 2010, 294,868 business audits were conducted and $8.3 billion of additional tax was identified.
- 28% of small business owners have been audited in the last 3 years.
- Of all small businesses, transportation and construction are more likely to be audited
- Time spent by small businesses to comply with a CRA audit is on average 10 days.
- A farmer can expect to lose 5 days work on the farm in complying with a CRA audit.
If you receive any correspondence from CRA, contact FBC and we’ll determine what action is required.
AgriStability and AgriInvest Audit Protection
We can negotiate on your behalf for AgriStability and AgriInvest payments.
You benefit from the expertise of our farm tax specialists during the audit/review process to claim submission and full claim recovery.
In 2010, we recovered an additional $8 million in payments for Members that the government initially denied or questioned.
Workers' Compensation Audit Representation
Workers' compensation (WorkSafeBC/WCB/WSIB) protects you from costly court settlements with no-fault workplace insurance and also provides services and support to keep your workplace safe. The benefits protect your workers by replacing lost income and providing health care costs.
Workers' compensation also helps get your workers back on the job and your business back to full productivity.
Businesses must register with the appropriate workers' compensation board in their province (WorkSafeBC/WCB/WSIB) if they employ 1 or more full- or part-time workers. In 2011, 39 Ontario employers were found guilty of fraud and/or non-compliance with fines ranging from $1,000 to $120,000.
We can help you deal with workers' compensation (WorkSafeBC/WCB/WSIB) and Statement of Contract Payment requests (T5018) from CRA.
Our Member Services Guarantee includes Audit Protection so you're covered in case of an audit.