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Canadian business taxes can be complicated to file and sometimes, they only get more complicated when the notice of assessment shows up. A notice of assessment is sent to you after the Canada Revenue Agency (CRA) has completed a preliminary review of your filed tax return.
Unfortunately, discrepancies between income tax returns and CRA tax assessments are not uncommon. Educating yourself on how to handle potential discrepancies before they arise, will make you much more confidant in navigating the appeals process. Here are six helpful tips to consider:
To learn more about tax controversy and what you can do to educate yourself on how to effectively navigate through an audit, contact Loren Kroeker.
Related Topics:Tax Controversy; Canada Revenue Agency
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