CRA has recently launched a new program called the “Liaison Officer Initiative”. The LOI program offers a CRA representative who can provide in-person guidance, support, and information that will help you understand and navigate the tax system. CRA says that “the LOI the CRA is shifting its compliance approach to offer proactive support before costly and time-consuming audits become necessary”. The bottom line is that the shift will reduce their costs and “improve” their tax collection activities.
Many our clients have received letters from CRA like the example below:
If you do receive such a letter, please let us know and we’ll help put your mind at ease. If there are any issues that you think may be problematic, let us know and we’ll ensure that you get the best advice possible.
Jerry Paskowitz, CPA, CA, CMC, BBA is a Partner with Sloan Partners with over 30 years’ experience in all tax and financial matters. Contact Jerry at firstname.lastname@example.org if you need assistance with tax matters.