The Canada Revenue Agency (CRA) will soon be conducting its eighth annual Office Audit Letter Campaign.
The letter campaign is designed to encourage behavioural changes among a selected taxpayer population by providing relevant information about their current or past reporting requirements and guidance on how to correct any common errors.
In February and March 2017, the CRA will send approximately 30,000 “intent-to-audit” letters to selected groups of individual taxpayers and business owners claiming consecutive business or rental losses, and selected taxpayers who may have sold rental property. The objective of the campaign is to encourage letter recipients to review and correct their tax affairs where applicable. This can be done on-line through My Account or in paper format by submitting required changes using Form T1-ADJ - T1 Adjustment Request, or through the Voluntary Disclosures Program.
The CRA’s emphasis is on helping individuals and small businesses better understand their tax obligations, which in turn increases future voluntary compliance, protects the government’s tax base and uses resources within the CRA more effectively.
If you or your clients have questions about the CRA’s Office Audit Letter Campaign or need help making changes to previously filed returns, go to cra.gc.ca/lettercampaign. You can also call the individual income tax enquiries line at 1-800-959-8281 or the business enquiries line at 1-800-959-5525.
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