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Karley and Steve are a happily married couple. Steve was self-employed, but had a income tax liability associated with his self-employment. When the RSP deadline date was approaching, Steve came to see the tax accounting professionals at Tax Doctors Canada. After assessing Steve’s specific situation, a financial solution was designed for him.
“How far back can the government go"? This is a common question that we hear. Recently, we had an individual contact us about his audit. Canada Revenue Agency (CRA) was auditing his personal tax return. He operated a business for about ten years, and CRA was reviewing his expenses. CRA wanted to examine approximately the last eight years worth of expenses.
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