The CRA’s Annual Office Audit
The Canada Revenue Agency (CRA) will soon be conducting its sixth annual Office Audit Letter Campaign. In January 2015, the CRA will send educational and intent-to-audit letters to selected groups of individual taxpayers and business owners through the campaign. The campaign supports the CRA’s increased emphasis on helping individuals and small businesses to better understand their tax obligations and encouraging them to correct any inaccuracies in their past income tax and benefit returns.
The CRA will send about 33,000 letters to randomly selected taxpayers who claim business or rental losses or are employees who claim employment expenses on line 229 of their tax return.
The campaign is part of the CRA’s efforts to encourage voluntary compliance among groups of taxpayers who, our research indicates, may be at risk of non-compliance.
The CRA gives taxpayers a chance to come forward and correct their tax affairs through My Account, a T1 Adjustment Request, or the Voluntary Disclosures Program, and taxpayers are taking advantage of these opportunities.
For more info go to : cra.gc.ca/lettercampaign.