Did you know the CRA is significantly increasing its auditing activity?
The Federal government has been increasing the funding to expand CRA’s capacity to gather information and conduct audits. Anyone can be selected, regardless of whether your tax returns are filed accurately and on time. And the cost of being properly represented in these matters can be quite significant, even if no adjustments to your return are required.
Our goal at Heartland CPAs is to always provide our valued clients with tools and services that benefit them. For this
reason, we continue to offer our Audit Shield Fee Waiver Service, which protects you against the increasing audit,
enquiry, investigation, and review activity by Canada Revenue Agency (CRA) and other provincial agencies. This optional service is a fixed, cost-effective solution to guard against these unbudgeted costs.
Benefits of our Audit Shield Fee Waiver Service:
1) Relief: Clients who participate in this service will benefit from our professional fees being waived (up to a max.
limit) for responding to audits, reviews or investigations directly in connection to a tax filing.
2) Retroactive protection: Previously filed tax returns are covered automatically, regardless of who prepared them.
3) One annual fee: Tax deductible for businesses operated by sole proprietors, corporations and partnerships.
4) Protection for COVID-19 related wage and rental subsidies: This includes CEWS, CERS, CRHP, THRP, HHBRP and LLP. We expect increased CRA scrutiny of these subsidies in the future.
If you’re one of our clients and already have Audit Shield, please note that the annual deadline for renewal is October 31 to keep receiving your coverage. However, new participants can register at any time.
For more information on Audit Shield, please click the link on this page. If you're one of our existing clients and would like to take advantage of the Audit Shield service, you can email our office at info@heartlandcpa.com or call (204) 943-2441.
