Tax season off to rocky start at CRA say Canadian accountants
23 February 2021
Credit: Canadian Accountant
Canadian tax professionals are expressing concern as to whether the Canada Revenue Agency is truly prepared for “a tax season like no other.”
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Accountancy Insurance was established in 2003 specializing in Audit Shield – a comprehensive offering which covers the professional fees incurred as a result of an official audit, enquiry, investigation or review of a filed return instigated by Canada Revenue Agency (CRA) and other relevant government revenue agencies. Today more than 3000 accounting firms in Commonwealth countries enjoy the benefits of Audit Shield.
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Ken Schultz
Principal, Integra Solutions Group CPA, Calgary AB
Audit Shield has enabled us to facilitate discussions with our clients regarding the way governments have stepped up their questions and the issues that are now being explored by them and, consequently, the time that we have devoted to dealing with those issues and questions.
Carrie Gronemeyer
Partner, Bevan & Partners, Brooks AB
We have seen an increase in Canada Revenue Agency audit activity in recent years, so we believed it would be beneficial to offer Audit Shield to manage those costs to our clients.
Mike Redden
Partner, Good Redden Klosler LLP, Simcoe & Tillsonburg ON
Audit Shield gives our clients freedom from uncertainty. Clients come to accountants to get things done properly, but with the Canada Revenue Agency in the mix, things can go off the rails. Audit Shield gives clients a level of assurance that everything is going be ok.
Hugh Neilson FCPA, FCA, TEP
Director, Taxation
I know that I've been very happy with the results of making Audit Shield available to clients at our firm. Even clients who decline still appreciate being afforded the choice, and I have had quite a few note that this is a no-brainer for them, based on costs incurred in the past from CRA reviews.
Michael Keltz
Principal, Michael H. Keltz Chartered Accountant, East York ON
It was no hassle to implement Audit Shield and the Accountancy Insurance team were pretty spot on with the expectation of client take up.
Don Scott, FCPA, FCA
Tax Partner, Welch LLP, Ottawa, ON
I have been very happy with the results in being able to offer up Audit Shield to Welch LLP clients. Great service from Sharon and the crew at Accountancy Insurance.
BLOG
Tax Season Off To A Bumpy Start Due To Cybersecurity Concerns At CRA
With the 2021 tax season having launched on February 22nd, the CRA has declared this a “tax season like no other”. And true to form, it is proving challenging to just about everyone. Over a week ago reports streamed from many taxpayers that the CRA had locked them out of their online accounts. An email […]
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