If you have ever wondered what are some of the most common findings CRA has when it audits charities well here is the “Top Five Audit Issues“:
- Incorrect issuance of donation receipts.
- Incorrect allocations on the T3010.
- Books and records are inadequate.
- Non-charitable objects and activities.
- Non-filing of T4’s and T4A’s.
If you need assistance with any of these issues and wish to retain our law firm let us know. We have provided resources on our blog on these issues. For example, our Receipting Kit and our 3-hour online course on receipting. We also work with clients on these and many other compliance issues.
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