A CRA audit can be disruptive and may lead to financial penalties if discrepancies are found. The best way to prevent this is by understanding the common CRA audit triggers and taking proactive steps to avoid them.
In this article, we’ll outline the top red flags that could lead to a tax audit in Canada—and share what individuals and businesses can do to stay off the CRA’s radar.
What Is a CRA Audit?
Bank statements
Receipts
Invoices
Financial records
Payroll records
Corporate minute books
Audits can happen randomly, but most are risk-based, triggered by inconsistencies or unusual patterns in tax returns.
Common CRA Audit Triggers
1. Claiming Excessive Business Expenses
One of the most common triggers for a CRA audit is reporting business expenses that appear inflated or inconsistent with your business type and income level.
Example:
If you run a freelance writing business and claim $20,000 in travel expenses while reporting $40,000 in income, that could raise suspicions.
Only claim expenses that are reasonable and necessary to your business.
Keep original receipts and detailed records.
Use accounting software to track expenses consistently throughout the year.
2. Large or Inconsistent Home Office Deductions
Deduct only the portion of your home used exclusively for work.
Measure your workspace carefully.
Use CRA’s simplified method if eligible, or be ready with utility bills and calculations under the detailed method.
3. Operating a Cash-Intensive Business
Avoid It:
Keep daily sales logs and deposit all revenue into your business bank account.
Implement a POS system that records each transaction.
Reconcile cash balances daily and maintain accurate bookkeeping.
4. Unreported or Mismatched Income
Avoid It:
Wait to receive all income slips before filing.
Double-check your return for accuracy.
If you receive multiple slips from different employers or banks, use tax software that automatically imports them when possible.
5. Repeatedly Reporting Business Losses
Avoid It:
Document your intent to earn a profit (business plan, advertising efforts, client invoices).
Maintain financial projections and track revenue growth.
Be prepared to explain your losses and future profitability strategies.
6. Unusually Large Charitable Donations
Avoid It:
Donate to CRA-registered charities only.
Retain official donation receipts that include the charity’s registration number.
Avoid participating in tax shelter donation schemes, which have been under heavy CRA investigation.
7. Vehicle and Travel Expense Claims
Avoid It:
Keep a logbook showing business kilometres vs. personal use.
Only deduct vehicle expenses proportional to business use.
Save gas, maintenance, insurance, and lease receipts.
8. Large Shareholder Withdrawals or Loans
Avoid It:
Record shareholder loans properly and repay them within the CRA’s time limit (usually within one year).
Avoid using business accounts for personal expenses.
Work with your accountant to report any shareholder benefits correctly.
9. Rental Income Underreporting
Avoid It:
Report all rental income, even short-term rentals.
Keep lease agreements, bank deposit records, and maintenance receipts.
Only claim reasonable expenses, such as property tax, repairs, and insurance.
10. Foreign Property and Income Reporting
Avoid It:
Disclose foreign property over $100,000 in Canadian dollars.
Report all related income, including dividends or capital gains.
Seek advice from a tax professional with experience in cross-border taxation.
General Tips to Avoid a CRA Audit
Maintain Accurate and Organized Records
Digital and paper copies of receipts
Invoices
Mileage logs
Proof of payments
CRA correspondence
Maintain Accurate and Organized Records
Be Consistent
Use Professional Tax Services
Be Cautious with Aggressive Tax Strategies
What to Do If You’re Selected for a CRA Audit
Here’s what to do:
Stay calm and professional. Cooperate fully.
Gather requested documents—only provide what the CRA asks for.
Engage your accountant to represent you or guide your response.
Avoid speculation. Provide facts and written documentation.
Final Thoughts
If you do get audited, professional guidance can make all the difference in resolving issues efficiently and favorably.
Need Help with CRA Compliance or Audit Support?
At Multani Professional Tax Services, Professional Corporation, our team of expert Canadian accountants helps individuals and businesses navigate tax season with confidence. From bookkeeping to audit support, we’ve got you covered.
Disclaimer:
The information discussed in this article is strictly general in nature and should not be construed as any sort of advice. If you have any particular questions regarding your personal tax situation please feel free to reach out to me at sandeep@multanitax.ca
Photo by vikranth rahul on Unsplash