Navigating Canada Revenue Agency (CRA) Audits: What You Need to Know

A CRA audit can be stressful, but understanding the process helps you prepare and respond confidently. Audits typically focus on specific areas, such as income reporting, expenses, or GST returns, and may arise due to random selection or inconsistencies in your filings. If selected for an audit, stay calm and organized. Gather all relevant documents, including receipts, invoices, and bank statements. PG Accounting LTD’s experienced accountants can represent you during the audit, communicate with the CRA on your behalf, and ensure your rights are protected. By working with professionals, you reduce risks and improve outcomes. Regular bookkeeping and accurate tax filing also minimize audit chances. If you’re concerned about a potential audit, contact PG Accounting LTD today for expert support.