Top Tips to Deter Tax Audits
Tax return filing season is upon us. Some tax returns will be
audited on the basis of a random selection, a basic audit
technique, but most tax audits are caused by the content of the tax
return, the deductions claimed. This article prepared by Canadian
income tax lawyers who fight CRA audits on a regular basis will
give you suggestions as to how to minimize your income tax audit
risk as you are preparing your Canadian income tax return.
Once a Canadian income tax return has been submitted to CRA it
goes through computer and human reviews. Certain deductions may
then be flagged and will generate a request for information. This
is a verification procedure, which not an audit, but it may then
result in a tax audit of the return.
