Professional Tax Accountant

CRA reviews about 3 million income tax returns every year to make sure income amounts, deductions, and credits are reported correctly and can be properly supported.

Your income tax and benefit return may be selected for review for a number of reasons, such as the information on your return does not match the information received from third-party sources, such as T4 slips, the types of deductions or credits you claimed, and your compliance history. The CRA may choose to conduct an audit based on a number of factors, such as the frequency or likelihood of errors in tax returns, indications of non-compliance with paying taxes owed, information not consistent with other similar files, or other audits or investigations.

Typically, a CRA tax review takes 2 weeks, when you file online and 8 weeks when you file a paper return.

If you have any questions contact us.

Ricky Chawla CPA Professional Corporation