April 13, 2013: Dale Barrett of Barrett Tax Law provided Financial Post reporter, Melissa Leong, with effective tax tips for avoiding CRA tax audits:
“You face a higher risk of being audited if you are self-employed or in an industry with a lot of cash transactions such as the construction business. You’re also more likely to be audited if you are not average, says Mr. Barrett. For example, if everyone else in your postal code makes $100,000 a year and you declared an income of $40,000, the taxman might come calling, he says.”
The article in its entirety can be read here.