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What is a Tax Audit?…

An income tax audit is an inspection and verification of a company's (or an individual's) records and supporting documents conducted by a CRA auditor.

Further to the CRA's Guide for Canadian Small Businesses, an audit usually takes one to two weeks, and involves "an examination of your ledgers, journals, bank accounts, sales invoices, purchase vouchers, and expense accounts." They go on to point out that the audit process may involve touring your business premises, and seeking information and assistance from your employees.

Through our sister company Charger Consulting Corporation is a team of dedicated professionals will work with you through each step of your dealings with the CRA to ensure a smooth audit process and help achieve the best possible outcome.

Tel: 905-678-2740 Fax: 905-678-6760
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