The CRA audits approximately 200 registered charities per year. An audit can be a relatively routine affair especially for a simpler charity, but many charities find the audit process confusing and stressful. In addition, CRA has begun to focus their audit attention on large charities which often have more complicated compliance issues. Learn how to confidently deal with an audit and prepare your charity for an audit. This webinar will cover issues such as:
- How are charities selected by CRA for audit?
- What documents will CRA be reviewing in an audit?
- What is CRA’s “education first” approach?
- Top tips for handling a CRA audit
- Actions to avoid before an audit
- What non-compliance does CRA typically find in audits of registered charities?
- Various possible outcomes of an audit
- How does CRA deal with serious non-compliance and aggravated non-compliance?
- How can the involvement of a professional advisors hurt or help a charity in dealing with CRA?
This webinar will be presented by Gary Huenemoeder, a charity audit and compliance advisor. Gary resides in Waterloo Ontario and studied at Wilfred Laurier University. Gary has 37 years of experience at the Canada Revenue Agency (CRA) including spending 16 years as Team Leader Charities Audit for all of Ontario. Gary has extensive knowledge of charity audits, Income Tax Act requirements and CRA guidance regarding charitable and not for profit organizations. Gary joined Blumbergs to assist clients who wish to have informal risk reviews conducted to improve compliance and knowledge of Income Tax Act requirements.