Running a Better Business

How Do I Prepare for a CRA Review or Audit?

Most CRA contact is routine — a processing review asking for receipts, not an accusation. Preparation is a filing cabinet and a process, and both are built long before the letter arrives.

Numera Decision LibraryGrounded in official sourcesEducational publication
Why this decision matters

CRA contact spans a wide spectrum, and knowing where a letter sits on it removes most of the fear. At one end: pre- and post-assessment processing reviews — automated requests to substantiate a specific claim, resolved by sending the documents. In the middle: desk reviews of a category, such as vehicle expenses or GST/HST input tax credits. At the far end: a full audit, where an auditor examines books, records, and bank deposits across one or more years.

Across the whole spectrum, the same asset decides the outcome: records that exist, reconcile, and can be produced on request.

The central idea

An audit is won years earlier, in the bookkeeping. The response window is merely where that preparation is revealed.

The standing preparation is unglamorous and decisive: six years of retained records (the statutory requirement), receipts attached to transactions in your accounting file, bank and credit accounts reconciled monthly, a vehicle log that actually exists, and personal and business finances that never mingle — because in a full audit, unexplained personal bank deposits are the classic route to an assessment of unreported income. Businesses whose books close monthly walk into reviews with their evidence already organized.

When the letter arrives: read precisely what is asked, respond by the deadline (or request an extension before it passes), send exactly what is requested — complete, organized, and nothing gratuitous — and keep copies of all correspondence. For anything beyond a simple receipt request, involve your accountant immediately and authorize them to deal with CRA directly; answers given casually in early conversations frame everything after. If the outcome is wrong on the facts or the law, the appeal path is formal and time-limited: a Notice of Objection, generally within 90 days of the assessment. Cooperation and organization shorten reviews; missing records and improvisation extend them.

What changes the answer

Factors that matter

  • The type of contactA processing review, a desk review, and a full audit call for different levels of response — identify which you have received.
  • Record completenessThe six-year retention rule and receipt-level support are the substance of every outcome.
  • Mixed financesPersonal deposits through business accounts — and vice versa — invite the deposit-analysis techniques auditors use.
  • RepresentationAnything beyond document requests warrants professional representation early, not after positions harden.
  • DeadlinesResponse windows, extension requests, and the 90-day objection period are all hard dates.
Decision framework

Before you decide

  • Exactly what is CRA asking for, and by when?
  • Can I produce complete support for the claims in question — today?
  • Are my bank accounts reconciled and my personal and business finances separate?
  • Should my accountant hold authorization to represent me before I respond?
  • If I disagree with an assessment, do I know my objection deadline?
Practical next steps

Move from question to action.

01

Maintain the audit-ready baseline now: monthly closes, attached receipts, reconciled accounts, six-year retention.

02

On receiving a letter, calendar the deadline the same day and identify the review type.

03

Assemble a complete, indexed response — answer what was asked, thoroughly and precisely.

04

Engage your accountant for anything beyond routine receipt requests; authorize representation formally.

05

Document every interaction, and if the result is wrong, file the Notice of Objection within the deadline.

Educational use notice

This publication is part of the Numera Decision Library and is provided for education only. It is general information — not accounting, tax, legal, or investment advice — and it does not consider your personal circumstances. Every guide is grounded in official guidance from government and regulated authorities — including the Canada Revenue Agency (CRA), the Department of Finance Canada, Service Canada and Employment and Social Development Canada, the Internal Revenue Service (IRS), and the Canadian Centre for Cyber Security — with the sources listed at the end of each guide. Tax rules and dollar limits change; confirm current figures with the official source, and speak with a qualified professional before acting on any decision discussed here.

Official references

Sources are official government and regulated-authority publications. Official sites reorganize periodically — search the document title if a link has moved.

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The Numera Decision Library exists because informed owners make better decisions. Every guide is grounded in official government sources, written in plain language, and designed to prepare you for the conversation that matters — the one with your own advisor.

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