T2 Corporate Post
Assessment Reviews
In the event of CRA audit activity, you can count on Audit Shield to cover the associated costs.
Our team saw the Canada Revenue Agency (CRA) T2 Corporate Post Assessment Review project commence in April 2021, covering the periods from 2017 to 2020. Since then, this project seems to have been rolled out extensively across Canada.
The information that the CRA commonly requires is:
- Copy of bill of sale
- Amount of input tax credits claimed
- Copy of registration and insurance
- Description of how used and percentage business v private use
We last saw the T2 Corporate Post Assessment Review project back in 2018. Other T2 Corporate Post Assessment Reviews we have seen include:
- Vehicle expenses
- Professional fees
- Apprenticeship Job Creation Tax Credit
- Repairs and maintenance
- Small Business deduction
- Travel expenses
- Management and administration fees
What is Audit Shield?
Audit Shield is a no upfront cost solution for CPA accounting firms that covers professional fees and the fees of other experts should your client be subjected to a CRA review or audit. All current and previously filed returns are covered, regardless of who prepared them.
Let us show you why thousands of CPAs worldwide have chosen Audit Shield as a trusted value added service for them and their clients. Don’t just take our word for it, read our client testimonials from many happy clients from all over Canada.
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