|Issue: #1||January 2013|
to MRJ Financial Solutions newsletter in which I wish to share some tax
tips that will save you money. Feel free to forward this newsletter to
Mathew speaking at Entrepreneur Speed Networking at Montana's Restaurant on Jan. 9, 2013
7 Income tax items that will cause an audit
You have just finished filing your income tax return and you get a notice from Canada Revenue Agency (CRA) saying they want to see the receipts for your tax return. This scenario is enough to send shivers down any taxpayer's spine. This is what is casually known as an 'audit' and is akin to going to the dentist: painful. It appears that CRA has decided that of all the tax returns to audit, your name came up. What caused this to happen you ask? Well to be honest there are probably several 'red flags' in your tax return that would justify a closer look. I am going to list 7 of the most common items that will cause an audit.
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Thank you for reading our newsletter.Sincerely,
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MRJ Financial Solutions