Audits

The Income Taxation Branch is responsible for making sure that the collection of tax under its statutes, including the Corporation Capital Tax Act, is done according to the law. To ensure this happens, we routinely undertake audits of taxpayers.

What is an audit?

An audit is a formal examination of a taxpayer's financial records or accounts to ensure the taxes have been collected and/or remitted or paid as required. An audit will identify any areas where this may have been done incorrectly.

Who gets audited?

Any taxpayer can be audited. Taxpayers may be chosen based on a special audit project, legislated program, risk, or referral from another audit.

What happens during an audit?

If you have been selected for an audit, you can expect us to follow these steps:

	Before the audit, we will make contact with you if we need to meet and/or have access to your records.
	At the start of the audit, we will review the audit process and Taxpayer Fairness and Service Code rights at your place of business or representative's office.
	During the audit, we will review your records and be willing to discuss issues of interpretation that arise from the audit.
	When the audit is complete, we will review and explain the results, notify you if an amount is owed, and make you aware of your options if you disagree with the results. If needed, you will be given a reasonable time period to review the results before an assessment is finalized.
	If you provide additional information after the audit, we will review it and determine if an adjustment is needed.

If you disagree with the results of an audit, and/or with the resulting Notice of Assessment, you have the right to appeal. Please see our Appeals page for more information.