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CRA AUDIT - THE POWER TO DESTROY

The power to audit is the power to destroy. Audits are no longer about compliance, rather they are about Tax Earned By Audit (TEBA). An audit gone bad can ruin a small business. Being forewarned is an opportunity to be forearmed.

The videos in this library is an education on CRA and the audit process. All the videos are short and to the point, to allow the viewer to watch the entire video series within a manageable time.

You will note below at the top if the list is the 4 part “interview with an auditor.” You just have to watch this candid interview with a CRA Auditor. This is the interview that every business person in Canada needs to watch and understand. CRA is no joke. We can laugh at this insanity, but we need to understand what kind of entity we are dealing with. We need to know what kind of people work for CRA. This may be a hilarious insight into the insanity of the Canada Revenue Agency, but it is very real and they are very dangerous if not handled properly.

If you want to understand what an audit is all about you really need to watch this video. If you think you can handle an audit without professional help, you will find out just how costly that will be. CRA can and will trip you up.

Enjoy the 4 videos of the interview with a CRA Auditor, it will take you ten minutes each, so go get a coffee and a valium, or better yet a double scotch, straight up.

Then to watch the video documentary on what can happen when an audit goes bad as in the Irwin Leroux case. (Located below the auditor interviews.)

Note that as a follow from the time of this video, Irwin launched a civil suit for damages against CRA. While he did not prove that CRA was the cause of his downfall, he did make huge gains in holding CRA accountable for their actions. We owe Irwin a vote of thanks for getting the Supreme Court to state that indeed CRA has a duty of care to Canadians.

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Thanks and enjoy!

Dan White

THE ISLE OF SHAM

kpmg2

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