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Take control of your financial destiny with great insights, tips and advice from Senior Financial Planners Rob McClelland and Mike Connon at The McClelland Financial Group of Assante Capital Management Ltd.
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Thursday Jul 20, 2023
Thursday Jul 20, 2023
No one ever expects to get audited by the CRA. Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon walk you through the best practices to avoid a CRA audit and how best to handle it if you do.
Key points:
(00:23): Why do people get audited?
(01:35): What we do to ensure you don’t get audited
(03:03): Why you could be at risk too
(03:56): False alarms
(04:27): The difference between CRA and the IRS
(08:20): How do most people fare after an audit?
(09:27): Suggestions on how to avoid an audit
(10:36): Why making changes can get you flagged
(14:15): Don’t make it easy for the CRA to single you out
(00:23): Why do people get audited?
(01:35): What we do to ensure you don’t get audited
(03:03): Why you could be at risk too
(03:56): False alarms
(04:27): The difference between CRA and the IRS
(08:20): How do most people fare after an audit?
(09:27): Suggestions on how to avoid an audit
(10:36): Why making changes can get you flagged
(14:15): Don’t make it easy for the CRA to single you out
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