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ARTICLE · 07 APRIL 2022

Revenue Agencies: Tax Audits Are Back

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We are all eagerly awaiting a return to normal life following the fifth wave of the COVID-19 pandemic.

CanadaTax
Tax Law Practice
Tax Law Practice
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We are all eagerly awaiting a return to normal life following the fifth wave of the COVID-19 pandemic. The impact of this pandemic has been felt in many areas of our lives, including the Canadian economy. In this respect, the Government of Canada announced that the deficit in 2021 would be nearly $330 billion. This deficit is linked notably to the strategic choices that were made, and the assistance measures that were implemented, by the Government of Canada. The Canada Emergency Wage Subsidy ("CEWS") program alone has cost the Government of Canada more than $100 billion since its inception in March 2020.

We have been informed that employees at both the Canada Revenue Agency ("CRA") and the Agence  du revenu du Québec ("ARQ") will gradually return to work, in person, in the coming weeks. This gradual return to work will inevitably result in a resumption of tax audits that have been delayed or suspended over the past two years.

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