Revenue Canada audit for for past 2 year, The problem I am heaving is that I dont' have past record or recipt. I need help let me know what steps I need to take.
Thanks
2007-01-20 03:32:21 · 4 answers · asked by ayaan 1 in Business & Finance ➔ Taxes ➔ Canada
If you are self employed that is a big problem. They will check your bank account. Your deposits are considered income unless you can prove they're not.
If you were an employee, CRA would have received your T4's and t4A's if any and would be able to provide you a copy.
Good Luck.
2007-01-20 19:42:35 · answer #1 · answered by hurt 3 · 0⤊ 0⤋
Your best bet would be to talk to a tax lawyer or accountant to find your options.
But you will probably find, if you don't have a receipt, you can't make a deduction. Whatever you do, be honest with the taxman, he can cause you trouble.
2007-01-20 03:56:48 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋
The important thing is to be honest with the auditor. Once you try to mislead the auditor, it becomes a criminal matter.
2007-01-20 09:20:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Uh-oh....receipts required.
2007-01-20 12:11:36 · answer #4 · answered by buster 2 · 0⤊ 0⤋