Managing CRA Audit Process! What Red Flags trigger CRA Audit

Description

This course will help you understand the audit process and how to stay off the CRA’s radar. We will talk about certain positions or types of filing including issues that are more likely to raise the red flags and trigger an audit and what way can you prepare for an audit to avoid penalties or delays

We will cover different strategies and shortcuts to deal with an audit and how should you respond when an audit process starts. We will discuss what are the trends and what rights does a taxpayer has. This course also covers how to prepare for an audit and what timelines to keep in mind and what kind of challenges you can face or what are the problems auditor has to deal with at their Head Office.

This course will also talk about how to go about settlement and negotiations which the CRA, and once the decision is final what happens post-audit. We will highlight what is voluntary disclosure/taxpayers' relief request.