Can the CRA Audit Your Bank Account?

Charles Haworth - March 2, 2020

Can the CRA Audit Your Bank Account?

Yes. The CRA can audit personal banking information. For individual taxpayers, the CRA recognizes that this is invasive and will not order banking information lightly. The CRA can even examine the banking information of family members if the audit requires it. For businesses, the CRA will review banking information when that business is at risk for unreported income.

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