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CRA found more than $1B auditing smaller businesses last year

Brian M. Gray | Nov 20, 2019

chartered professional accountants Vancouver

The average amount identified per small business audit was $137,000

The Canada Revenue Agency identified $1.185 billion from audits of small and medium-sized enterprises (SMEs) last year, said CRA officials speaking at the Canadian Tax Foundation’s Ontario Tax Conference held in Toronto in late October.

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Article Courtesy: https://www.advisor.ca/tax/tax-news/cra-found-more-than-1b-auditing-smaller-businesses-last-year/

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