CRA Audit Triggers and What to do if CRA Audits You

Canada Revenue Agency (CRA) has ramped up audits of small- to medium-sized enterprises. Audits are nothing to fear if you comply with tax rules and regulations.

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CRA Representation and Tax Audit Assistance

Not being prepared for a CRA audit and accepting the ruling can be a costly mistake. Being represented by tax professionals can ensure you are treated fairly.

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Debunking Canadian Tax Audit Myths

These myths about tax audits could increase your likelihood of getting audited. The tax professionals at FBC will help separate tax fact from fiction.

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When Is the Right Time for a Small Business to Hire a Tax Consultant?

Tax professionals provide more than just tax and payroll services, they can help your business at various stages of growth.

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What to Expect from Accounting Professionals Regarding Your Family Business Taxes

Accounting professionals can help family run businesses in Canada manage their business accounts, minimize taxes, maximize profits, and save money.

Tags: Audit Representation, Farm Taxes, Small Business Taxes, Tax Planning, Tax Preparation

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5 Triggers That Can Lead to a Tax Audit

You might have filed your taxes and spent your refund, but you could still be asked questions or audited by the CRA. In fact, a number of risk factors can lead to a CRA tax audit.

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How Does the CRA Conduct a Business Audit?

Small businesses in Canada are a frequent target for CRA business audits. Knowing what to expect can help make the audit process less stressful.

Tags: Audit Representation, Small Business Taxes

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Tips on Tax Audit Protection for Small Businesses

Having your taxes audited by the Canada Revenue Agency is stressful and costly. Fortunately, there are steps you can take to keep your taxes in order and the CRA happy.

Tags: Audit Representation, Small Business Taxes

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Your CRA Notice of Assessment has Arrived. Now What?

The CRA Notice of Assessment (form T451) includes your taxable income (Line 150) and your allowable registered retirement savings plan (RRSP) contributions and tax-free savings account (TFSA) limit for the current year. Be sure to compare your notice of assessment to your filed T1 or T2 tax return.

Tags: Audit Representation, Tax Consultation, Tax Preparation

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5 Things to be Aware of if You're Audited

Here are 5 things you should know about CRA tax audits: whether you've been singled out for one or not, this is information that a small business owner should know.

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