Audit Shield
Our Audit Shield Fee Waiver Service provides for the payment of professional fees incurred in the event that you are selected for an audit, enquiry, investigation or review (audit activity) of filed returns by the Canada Revenue Agency (CRA) and other relevant revenue agencies.
The cost of being properly represented can be quite considerable depending on the circumstances. Even a simple enquiry can require hours of work. Our Audit Shield Fee Waiver Service provides a fixed, cost effective solution to guard against these unbudgeted costs.
What is covered?
All professional fees, up to a prescribed limit (with no excess) are covered when you engage us in audit activity matters. When you choose to participate in our Audit Shield Fee Waiver Service you will receive the following benefits, plus more:*
- Protection from any unplanned professional fees resulting from audit activity.
- Retrospective cover, so all previously filed returns are included.
- The assurance that you are covered during a stressful situation.
- Payment for your participation is tax deductible.
- Some example items covered:
- Personal Tax (Post Assessment T1 only)
- Business Audits,
- Capital Gains Tax,
- SR&ED (Financial only),
- Corporate Tax,
- Employment Compliance Audits,
- GST/HST/PST,
- Payroll Audits (T4)
Is it right for you?
All of our clients are invited to participate in our Audit Shield Fee Waiver Service. Specific levels of cover are available for Sole Proprietors, Professional Corporations and Limited Liability Partnerships. T1s are covered with their corporate entity.
Anyone can be targeted, even if their filings are accurate. The CRA now has unprecedented access to data matching that makes it simpler and far more likely for previously untargeted taxpayers to encounter audit activity. With this in mind, we offer you the opportunity to protect yourself with Audit Shield.
*The service is limited to the detailed terms and conditions which will be provided prior to acceptance
