February 29, 2024
23% Increase In CRA Audit Activity In February 2024
CRA is substantially increasing it's audit activities; which is no surprise given the explosion in the number of employees it has.
One of Canada's largest Audit Insurance protection companies posted the image below to summarize what they are seeing :
- 23% increase in audit activity vs. the previous period measured
- Vehicle Expenses
- Professional Fees
- Matching Process : Do you have the necessary documentation & substantiation & associated Government Issued Tax Forms
