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Jun 1, 2020
CRA Resumes Audit Activity
On May 28, 2020, the Canada Revenue Agency (“CRA”) announced that audit activity, slowed by COVID-19, is resuming. The CRA continues to prioritize matters beneficial to taxpayers (benefit and credit matters), large dollar value files, and files with “strategic importance” to Canada, provinces/territories and treaty partners.
If progress on your audit is urgent, the CRA will prioritize it after being informed of the urgency.
The CRA also confirmed that many existing COVID-19 policies remain in place:
- collections activities on new debts remain suspended until further notice, and
- the deadline for objections due between March 18, 2020 and June 30, 2020 remains extended to June 30, 2020.
The full announcement is available here.
For more information, please contact Louise Summerhill, Neil Bass, Angelo Gentile, Josh Kumar or Jesse Waslowski, or any other member of our Tax Group.