STATUTE OF LIMITATIONS IN TAX AUDITS
WHEN THE FOUR-YEAR RULE DOES - AND DOES NOT - PROTECT YOU
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When it comes to Tax Audits, most Tax Auditors — whether from the federal Canada Revenue Agency (“CRA”) or provincial counterparts auditing for tobacco, fuel or other provincial compliance matters —operate within a four-year general limitation period.
In this Tax Audits Series Report, we review the general statute of limitations rules applicable to tax audits, as well as the key exceptions that allow Tax Auditors to reassess beyond that four-year period.