By Candace Nancke, Managing Partner
We’re pleased to announce the addition of Audit Shield, a new service that helps protect clients from unexpected tax audit bills.
No one likes to hear that the Canadian Revenue Agency (CRA) is auditing their taxes. However CRA is now using powerful data-matching capabilities, which means that even compliant and correctly prepared filings can be selected for scrutiny. As a result, the number of enquiries, investigations and audits have increased for Canadian taxpayers.
For that reason we’re now offering the Audit Shield Fee Waiver Service, which guards against unexpected professional fees incurred in responding to these investigations.
How Audit Shield Works
When you are a participating client in the Audit Shield program and the government opens an enquiry – even if it is an examination of a previous filing – we will waive our fees for the response process. Coverage extends to all client tax filings including:
- Personal Tax Post-Assessment Programs (for yourself & immediate family members)
- Corporate Tax & Business Audits
- Post & Pre Assessment GST/HST Reviews
- Employer Compliance & Payroll (T4) Audits
- WorkSafe BC Worker’s Compensation Employer Audit Programs
Opt-in to Protection
An invitation to participate has been sent to our eligible clients with details on coverage options.
The annual fee covers the cost of any investigations, enquiries, audits or reviews during the coverage term. For businesses, this fee is tax deductible.
Candace Nancke, FCPA, FCGA is the managing partner at Loren Nancke & Company. She has served as Chair of the Board of Governors for CGA-BC and has been designated as a Fellow of the Chartered Professional Accountants (FCPA), one of the highest honours awarded to accountants in BC. You can reach her at 604-904-3807 in Vancouver, British Columbia.