TAX AUDIT is the “examination of taxpayer’s BOOKS & RECORDS” to accurately determine the taxes payable under the law – the Canada Revenue Agency closely examines books and records such as Invoices, Receipts, Payments, Bank Accounts, Statements, etc. to make sure they fulfill their obligations.
Tax audit is the government’s way of double checking the tax filings made by Canadians “businesses and individuals” during the year, to make sure that the taxes were reported accurately and honestly. Auditing helps maintain public confidence in the fairness and integrity of Canada’s tax system.
Canada Revenue Agency or CRA is the federal agency responsible to administer tax laws for the Government of Canada. It administers various social and economic benefit programs delivered through the tax system, and they can request an audit any time on your GST/HST Returns, Personal Income Tax Returns, Business Corporation Tax Returns, and Payroll Documentation.
At MASTERTAX we are here to help our clients and we have the skills, experience, and knowledge, We have successfully assisted clients with resolving Audits and income tax problems. If you are in need of help, call for a free consultation . 647-229-0343 …Yes, We can help!