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Wednesday, December 6, 2023

CRA Audit Notice: How Far Back Can Canada CRA Audit and Why Should I Care?

CRA Audit Notice: How Far Back Can Canada CRA Audit and Why Should I Care?



CRA Audit Notice

Getting a notice of Audit from CRA can be overwhelming. But if the individuals know the right information and what to expect, it can be quite helpful for them. The Canada Revenue Agency is responsible for taxes, benefits, and various programs for the citizens of Canada.

The CRA Audit is a way by which it can be ensured that the business is properly fulfilling its obligations. It is one method to ensure that businesses are implementing the tax laws correctly. This provides a fair tax system for all Canadians.