Have you received a letter from CRA, informing you that your tax return has been reassessed and you must pay additional taxes? Before you send the money, reread the letter carefully and find out why you have been reassessed. The reason may be that you received a letter from CRA asking for some documents, and you failed to send those, or it may have been caused by misreporting and inaccuracy in your tax return. If you're an HST registrant, the additional payment may be concerning your HST account. There are ways to avoid these payments by submitting additional documents or through meetings and discussions with CRA. We are here to help you correspond with CRA.
Sometimes, you will receive letters informing you that CRA decided to conduct a formal audit of your account. For small business corporations, CRA auditors may want to visit your premises and conduct the audit on the spot.
It is always advisable to seek professional help when you are in this kind of situation. We regularly help our clients and represent them at the time of an audit or review. Our in-house lawyer may help you in appealing a decision of CRA if the result is not acceptable to you.
Whenever you receive a letter from CRA regarding an audit or review, there will always be a time, stipulated letter. You must respond to the inquiries within that period.
The deadline for filing an appeal is usually 90 days after receiving a decision which may be extended to a year. Make sure that you are acting within the deadline.
Call us anytime at 647-345-5759/647-528-1660 If you need assistance regarding an audit or responding to a letter from CRA.
Tax and Business Anytime
338 Oakwood Avenue, Toronto, ON M6E 2V9
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