Protect Yourself with Audit:
CRA audits can be intimidating. Always remember - even 100% accurate tax returns may get audited. You are better off to take necessary steps prior before it is too late. These are following points that can help you protect yourself with audits:
1.The first and foremost - have your tax returns prepared by experienced and reliable tax preparer.
2. File your tax returns by due date. If you are consistent in late filing, your tax file will be closely reviewed than other files.
3. Preserve all your receipts and financial documents for 7 years after filing your taxes
4. Claim accurate income, expenses, deductions and credits.
5. If still receive a letter or a call from CRA, do not hesitate to call us.
