CRA Representation Canada

Let our team stand by your side and advocate for you with the CRA.

Our experienced CPAs will advocate for your best interest with the Canada Revenue Agency

Explore our services and let us be your trusted partner in achieving the best possible outcomes and ensuring tax compliance during CRA inquiries.

TMP’s primary objective is to hold CRA agents accountable, ensuring that all pertinent facts are thoroughly considered to guarantee unbiased judgments. We are committed to interpreting the Income Tax Act equitably and to your advantage.

CRA Representation:Laptop on desk with glasses
CRA Representation: Man Holiding Documents

We can assist with the following

We provide a wide range of payroll services by using the latest payroll software with fully updated deduction rates.

Frozen bank Account

In cases of blocked bank account access and frozen funds, we step in to engage with the CRA, providing a swift plan to unlock your accounts.

Salary and Fund Garnishments

In instances of unpaid balances, the CRA may garnish payments to you and your company. We'll assist in devising a repayment plan that safeguards your operations.

Asset Seizures and Liens

The CRA may seize assets or place liens on property as collateral to secure debt repayment. A well-crafted asset protection plan is essential to prevent permanent loss of your holdings.

Interest and penalty relief

Under specific conditions, the CRA offers interest and penalty relief for late, missing, and incorrect filings. Qualification for these relief options may hinge on meeting key criteria.

Voluntary Disclosure program (VDP)

This program empowers taxpayers to voluntarily disclose, correct, or file information previously unreported to the CRA, potentially mitigating penalties and avoiding litigation.

Payroll and GST/HST Audit support

At times, the CRA may audit your payroll, GST/HST, or income tax returns. Having a knowledgeable expert well-versed in the Income Tax Act by your side is crucial.

Canadian Regulations

The Canadian Tax system is based on a self-assessment principle, meaning filings are sent to the CRA without back-up documentation. Then the CRA has the right to request proof of any claims made, which is most commonly referred to as a “tax audit”.

CRA Audits may entail

Simple request of source documents for transactions claimed

Calculation breakdown of figures reported

Names and numbers of customers, employees or suppliers

Full disclosure of bank and visa statements

Review of contracts and agreements

Visit to where “books and records” are kept. (you or your accountants office)

Why Us

Financial Education

We prioritize educating our clients, equipping them with the knowledge to make sound financial decisions for their future success.

Seasoned Experts

Our experienced team offers deep expertise, ensuring reliable and comprehensive solutions for all accounting and tax needs.​

Personalized Solutions

Tailoring our services to each client's unique circumstances, we deliver customized solutions that address specific goals and challenges effectively.​

Modern Approach

Embracing cutting-edge technologies and innovative methods, we provide efficient and forward-thinking accounting and tax services to meet the demands of today's business landscape.​

FAQ

The CRA will conduct an audit based on risk assessment. This assessment looks at a number of factors such as the likelihood or frequency of errors in tax returns or whether there are indicators of non-compliance with tax obligations.

If your return is deemed as high-risk, a CRA officer can request you to provide supporting documents to substantiate amounts reported on your tax return.

When the CRA conducts audits, the responsibility falls on you to substantiate any claims you’ve made. If you cannot provide the necessary evidence, the CRA retains the authority to assess or reassess your filings based on limited information available to them. In the instance where deductions you claimed are disallowed, you will be held accountable for the resulting tax increases.

While you have the option to represent yourself or your company during an audit, we strongly recommend having at least one knowledgeable representative on your side. This ensures the development of a strategic approach to present information and effective communication with the CRA agents, reducing the risk of misunderstandings and additional scrutiny.

Based on the subject and scope of audit the CRA can check your books and records, source documents such as contracts, agreements, bank statements, invoices and tax receipts. They can also ask for contact information of employees, vendors, suppliers and customers.

A CRA audit is a review of your financial and tax information to ensure compliance with Canadian tax laws. You might be selected for an audit randomly, based on specific criteria, or due to red flags on your tax return.

The CRA auditor will review documents and information collectively referred to as “records,” which encompass various items, including but not limited to ledgers, journals, payroll records, invoices, tax receipts, contracts, and bank statements

To prepare for a CRA audit, organize your financial records, keep accurate documentation, and consider seeking professional assistance. Review your past tax returns to identify items that can attract CRA attention, such as large deductions/tax credits claimed.

The duration of a CRA audit can vary depending on its complexity. There is no maximum timeline provided by Revenue Canada.

Common triggers include inconsistent or incorrect information on your tax return, large deductions, significant changes in your financial situation from the prior years’ tax returns, or referrals from other government agencies.

A desk audit is conducted through correspondence and document submission, while a field audit involves in-person visits from CRA auditors to your place of business or residence.

You have the right to be informed, represented, and to appeal the results. The CRA must provide you with a written explanation of audit findings and allow you to contest them.

You can file a notice of objection with the CRA. If your objection is not resolved, you can appeal to the Tax Court of Canada.

Yes, in many cases the review/audit letter allows an automatic 30-day extension upon request. Any further extension is unlikely and is subject to CRA discretion based on the reason for the extension. It’s essential to communicate with the CRA as early as possible.

Penalties and fines may be imposed for tax evasion or misreporting. It’s essential to cooperate with the audit process to avoid penalties.

The CRA can generally audit tax returns for the past six years. However, in cases of fraud or misrepresentation, they can go back further.

Consider correcting errors by filing an adjustment to your tax return using Form T1-ADJ. You may also consider using the Voluntary Disclosures Program (VDP) in conjunction when eligible.

Yes, you can negotiate a payment plan with the CRA to settle your tax debt over time. They are generally open to reasonable payment arrangements.

Avoiding errors/irregularities on your tax return can reduce the risk for a CRA audit. While claiming losses/tax deductions/credits can increase the risk for a CRA audit, keeping meticulous records to support your claims can make you well prepared when an audit does come.

Personal audits focus on an individual’s tax deductions and credits, while business audits scrutinize a company’s financial records, including income, expenses, and tax credit claims.

You can find more information and resources on the official Canada Revenue Agency website, or consider consulting with a tax professional for guidance on audit assistance.

How much will it cost to have your firm support with CRA?

Basic

Specified audit account or claim- Includes- CRA Authorization, review of letter and package to submit and online submission to CRA.

$500 

Expert

Expanded audit- CRA Authorization, Review of letter and correspondence with CRA auditor, guidance on packaging supporting documents, and negotiation with CRA agent

$1,500

Premium

CRA Authorization, Review of letter and correspondence with CRA auditor, guidance on packaging supporting documents, and negotiation with CRA agent, full Audit support, review of account summary and ledgers, assistance with reclassification and corrections.

$2,500 

Custom

For more complex audits  please fill in the questionnaire

$1,500 +HST

Next Steps

Step 1

Please fill in this questionnaire

Step 2

Schedule a consultation with one of our CPAs to receive a final quote and a checklist of the required data

Step 3

Upload requested data onto cloud folder shared

Let’s collaborate!

Have a question, an idea, or just want to learn more about Triple M Professional Corp.? We’re all ears. Fill out the form or Email us and we’ll connect with you soon.

Markham Office
905-237-6424
675 Cochrane Dr East Tower 6th Floor, Markham, ON, L3R 0B6
Toronto Bay Street Office
416-333-1116
401 Bay Street, 16th Floor Toronto, ON, M5H 2Y4
San Francisco Office
415-366-5667
590 California Street 16th Floor, San Francisco, CA 94104
New York Office
212-651-9101
555 Madison Ave 5th Floor Manhattan,
NY 10022
Toronto King Street West Office
416-333-1116
100 King Street West, Suite 5600, Toronto, ON, M5X 1C9
Markham Office
905-237-6424
675 Cochrane Dr East Tower 6th Floor, Markham, ON, L3R 0B6
Toronto Bay Street Office
416-333-1116
401 Bay Street, 16th Floor Toronto, ON, M5H 2Y4
San Francisco Office
415-366-5667
590 California Street 16th Floor, San Francisco, CA 94104
New York Office
212-651-9101
555 Madison Ave 5th Floor Manhattan,
NY 10022
Toronto King Street West Office
416-333-1116
100 King Street West, Suite 5600, Toronto, ON, M5X 1C9