In January 2015, the Canada Revenue Agency will send approximately 33,000 letters to taxpayers who have previously claimed business losses, rental losses, or employment expenses on their tax return.
Two types of letters will be sent out: educational letters, and intent-to-audit letters. Please note that the receipt of one of these letters does not mean that you will be selected for audit, however there is an increased risk of audit due to CRA’s review of these specific items.
If you receive one of these letters and are concerned of a possible CRA review, please let us know at email@example.com. We would be pleased to discuss any potential audit risk with you.
For more information on this initiative by the CRA, please visit the following website: http://www.cra-arc.gc.ca/lettercampaign/.