CRA Audits

If your tax returns are filed correctly and accurately by a qualified tax professional providing income tax services, the chance of being selected for an audit by the CRA is much lower. However, a request from CRA to audit or review your financial records is part of the income tax reporting process as well, so it can happen at any time and you need to be prepared. If you are selected for a CRA audit, let us help you during this process. As GTA accountants, we provide CRA audit accounting services and will ensure your rights under the Income Tax Act are protected.

A CRA audit is often a stressful process for business owners. We help mitigate the anxiety and uncertainty associated with revenue tax audits. Max Taxation & Financial Services will arrange mutually convenient meeting times and place with the CRA to perform the audit. Most importantly, we will also negotiate on your behalf to limit the scope of the CRA income tax audit. We will be present throughout the entire CRA income tax audit process, so that the audit can be completed quickly and you can carry on with your business and your life, with minimal interruption and stress.

Max Taxation & Financial Services addresses the following common tax issues:

  • Tax loss utilization
  • Key man insurance
  • Capital dividend planning
  • Family trusts
  • Share structure and shareholding changes
  • Share for share exchange
  • Obtaining advanced tax rulings