What Happens If You Get Audited By Cra

what happens if you get audited by cra>

What Happens If You Get Audited By CRA: Options via Website, Mobile App, and Call Centre

Getting audited by the Canada Revenue Agency (CRA) can be an intimidating prospect for any Canadian citizen. However, knowing your options can greatly contribute to a relatively stress-free audit process. In this comprehensive guide, we will explore the different resources available to you: government's website, mobile app, and call centre. Thus, empowering you for a smoother, more effective navigation during such audits.

Option 1: CRA's Official Website

The CRA's official website is a rich virtual resource, providing a diverse array of information and tools to help Canadians during an audit. Here are some key ways you can leverage the website.

  • Understanding the Audit: The website provides detailed sections explaining the audit process, what the CRA is looking for and your rights as a taxpayer. Use these resources to gain a thorough understanding.
  • Managing your Tax Profile: You can review your account balance, transactions, and other essential information related to your tax profile. This can help you locate any potential discrepancies or errors.
  • Tools and Calculators: The website features several tools and calculators designed to aid taxpayers in financial planning and tax calculations.

Option 2: CRA's Mobile App

The CRA's mobile application brings convenience to your fingertips, making it easy to stay on top of your tax obligations. Here's how it can assist you in the audit process:

  • MyBenefits CRA: This feature allows you to view and update your personal tax information easily.
  • MyCRA: The app provides all of your tax information in one accessible space. With MyCRA, you can securely access your income tax return status, account balance, and more.
  • Informative Alerts: The CRA app delivers timely alerts regarding important tax information and deadlines, ensuring you're always aware of what’s happening with your taxes.

Option 3: CRA's Call Centre

If you prefer a more human touch, the CRA's call centre can be invaluable. These are the ways the call centre can aid you:

  • Speaking with Experts: You can talk directly with CRA officials, who can provide in-depth answers to your questions and guide you through the audit process.
  • Dispute Resolution: In case of disagreements or issues with your audit review, the call centre can help you understand the dispute resolution process.
  • Personalized Assistance: The call centre offers personalized assistance tailored to your unique situation.

In conclusion, getting audited does not have to be a nightmare. With the resources availed by the CRA, you can navigate an audit with confidence and peace of mind. Remember, the key to a successful audit lies in knowledge, preparation, and taking advantage of the many tools at your disposal.