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CRA set to restart audits

CRA set to restart audits

The CRA is resuming a full range of audit work, after a temporary suspension

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The CRA says it is resuming a full range of audit work while also reaching out to those who have not adequately responded to Requirement for Information requests. Previously, the CRA temporarily suspended the majority of its audit work involving taxpayers and representatives in March, 2020 (see TaxNewsFlash-Canada 2020-14, "COVID-19 — Tax Deadline Delay and More Relief Announced").

The CRA is also making some adjustments to reflect the impacts of COVID-19, including providing new options to send information via e-mail, as well as potential options for additional time and upfront consultation regarding CRA information and access requests.

Audit assessments resume

According to the CRA, now that its work is resuming, it is prioritizing activities that are beneficial to the taxpayer or where taxpayers have indicated urgency in advancing their audits. The CRA notes that it is also initially focusing on:

  • Higher dollar audits
  • Audits close to completion
  • Strategically important audits for:
    • The government of Canada
    • Provinces and territories
    • Canadian tax treaty partners

Information requests

The CRA says it will begin to review cases where taxpayers were issued Requirements for Information prior to March 16, 2020, with information due after that date. Taxpayers and third parties, including financial institutions, will be contacted where the CRA has not received adequate information.

For more information, contact your KPMG advisor.

Information is current to June 2, 2020. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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