Our course

The CRA has the power and responsibility to audit Canadian registered charities under the Income Tax Act (Canada). 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 and higher-risk charities, which often have more complicated compliance issues.

Learn how to confidently deal with an audit and prepare your charity for an audit.

This course will cover issues such as:

• Who should care about CRA audits?
• Maintaining Charitable Status
• The basics
• Registered Charity audits
• Why Audits of Registered Charities
• CRA types of audit – field audit vs. restricted audit
• Type and Number of CRA Audits
• What is discovered in an audit?
• How are charities picked for audit?
• What documents is CRA reviewing?
• Education First Approach
• Suggestions for Handling a CRA Charity Audit
• Five Things You Should Avoid Before an Audit
• 5 Biggest Mistakes When Thinking About Audits
• Outcome of CRA Charity Audit
• confirmation of compliance
• education letters
• administrative fairness letter
• compliance agreements
• penalties and suspensions
• revocation of registration
• annulments
• Informal Legal Reviews
• Top CRA Compliance Concerns
• Resources on CRA audits
• Conclusion

The course may be of interest to those involved with registered charities, including directors, members, staff, volunteers, funders, regulators, and professional advisors, including lawyers, consultants, accountants, investment advisors, etc.