There are about 80,800 restaurants in Canada (CRFA), and about half are audited every four years. That’s a lot of restaurants being audited, and you just know that the majority of them receive reassessments at the end of each audit. Rather interestingly, there are only about 10 significant court cases involving restaurants that had been [...]
Posts Tagged ‘notice of objection’
Why Aren’t There More Court Cases?
Posted in Canada Revenue Agency, Ministry of Revenue, Taxes, tagged appeals, Audits, CRA, Ministry of Revenue, notice of objection, Objections on February 8, 2012 | Leave a Comment »
A False Sense of Security
Posted in Canada Revenue Agency, Ministry of Revenue, Taxes, tagged Accountants, appeals, Audits, notice of objection, Proactive Tax Audit, tax auditors on February 7, 2012 | Leave a Comment »
Many restaurant owners think they’re protected from the tax auditors, simply because they have a good accountant. While that’s true in some cases, just about every restaurant that gets hit with a tax audit reassessment (and usually a large one at that) had a “good accountant”! In Canada, every restaurant that appealed tax audit reassessments [...]











