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Legal Ease
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Category: Canada Tax
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Experience:  Lawyer
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Canadian Tax Questions - I have a few questions Canadian

Customer Question

Canadian Tax Questions - I have a few questions for a Canadian friend of mine that he needs answered. The first two questions are below but I believe he has a few others as well.1. How far back can the Canadian government do a personal audit?2. In the years of 1999, 2000, 2001 I can't remember if I claimed all income, can I be audited that far back?Any help is appreciated.Thank you
Submitted: 8 months ago.
Category: Canada Tax
Expert:  Legal Ease replied 8 months ago.

In most cases the audit cannot go back more than 4 years.

And in fact records do not have to be kept for more than 6 years in most cases.

So an audit would not be done for those years.

Customer: replied 8 months ago.
Hello, in regards ***** ***** above. If I was to report $30,000 to $40,000 of income from 15 years ago this year, would there be a penalty for doing so? Basically I may have found that amount that was not claimed from 15 years ago. Would I be charged a yearly interest on that amount if I reported this now?
Expert:  Legal Ease replied 8 months ago.

If you make a voluntary disclosure there would not be penalties.

There would be interest unfortunately.

Customer: replied 8 months ago.
Is there a lawyer / client confidentiality in place in the case of a government audit? Also, is this same confidentiality in
place with my accountant?
Expert:  Legal Ease replied 8 months ago.

There is solicitor client privilege at all times between a lawyer and a client.

There is not the same privilege with an accountant.

So if you need this then see a tax lawyer.

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