CRA GST & INCOME TAX AUDITS
UNDERSTANDING A CRA AUDITOR'S POWERS & METHODS
As most people understand, “Audits” are the Canada Revenue Agency’s (CRA) primary tool for verifying voluntary compliance with Canada’s taxing legislation, including the Excise Tax Act (ETA) for GST purposes, and the Income Tax Act (ITA) for income tax obligations.
Less well known is the scope of the CRA’s powers when it comes to demanding answers to its questions and reviewing business records. In this Tax Audits Series Report, we examine these broad powers, and what taxpayers can expect when audited.
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Business Activities
Compliance Court Order
CRA Audit Powers
Request for Information
Tax Obligations & Duties
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