It’s worth having your taxes prepared by one of the many tax professionals in Calgary for several reasons. Firstly, having them prepared and filed professionally means you can be assured of them being accurate; you also know you are going to get every possible deduction and tax break. But having a professional prepare your tax return also means they will support you in the event of an audit by the CRA (Canada Revenue Agency). Although your chances of being audited are slim, if it happens, the process can be stressful, confusing and time consuming and you’ll have to get together other paperwork and information to support your return. It’s also worth knowing the factors that increase your chances of being audited. These include being self employed, having offshore assets, working in certain fields such as construction, and routinely reporting losses from your business.
