Understanding the CRA Audit Process: How Many Years Can CRA Go Back to Audit?

Are you wondering about the potential longevity of the Canada Revenue Agency's (CRA) audit capabilities? The CRA has specific guidelines related to auditing individual and business tax returns. This in-depth article elucidates the limitations, processes and ways to navigate the CRA's audit provisions via their website, mobile app and call centre platforms, providing a comprehensive solution for all your tax-related queries.

Understanding CRA Audit Guidelines

Canadian tax law stipulates different review periods depending on the type of taxpayer. Generally, the CRA can go back three years from the date you received your Notice of Assessment for the tax year in question. However, if the agency suspects fraud or misrepresentation, it can go back as far as it deems necessary.

How to Use CRA's Website

CRA's website is an efficient resource where you can access and manage your tax information. You can review tax returns, assessments and audits from previous years. Here is how you navigate this:

• Visit the CRA's MyAccount service and log in with your credentials.
• Click on the 'Tax Returns' tab to view previously filed returns.
• If audited, the results will be under 'Assessments and Reassessments', showing the year of audit and the final determination.

Navigating Through CRA's Mobile App

The CRA's mobile app - MyCRA, enables you to handle your tax matters conveniently through your mobile device. Here is a step-by-step guide:

• Download the MyCRA app from your device's app store.
• Login using your CRA credentials.
• Under the 'Accounts and Payments' section, you can view your tax return details and any CRA actions on your account, including audits.

CRA Call Centre Assistance

Sometimes, talking to a person directly can provide the much-needed clarity and assurance in confusing tax matters, such as audits. Calling the CRA call centre is an option. This is how to go about it:

• Dial the CRA's general enquiry line at 1-800-959-8281.
• Once connected, choose the individual tax enquiry option.
• Provide your Social Insurance Number for authentication, after which you can inquire about any audits applied to your account.

Conclusion

While tax audits may seem daunting, understanding the process and knowing how far back the CRA can go for audits can help alleviate your worries. Remember that transparency and compliance are your best tools in navigating such scenarios. So, whether through the CRA website, mobile app, or call centre, you have multiple channels to procure relevant information and assistance. Knowledge is power, and you are now armed with it! Stay ahead and manage your taxes confidently.

References:

• CRA Website: www.cra.gc.ca
• MyCRA mobile application
• CRA call centre number: 1-800-959-8281