How to Respond to an HST Audit by the CRA: Part 2 - Gathering & Submitting Documents to the CRA

Hi! My name is Arielle and I work as a bookkeeper in Toronto, Canada. In this second part of the series on How to Respond to an HST Audit by the CRA, we delve into the crucial steps of Gathering & Submitting Documents to the CRA. Proper documentation is key when facing a HST audit, and we provide you with a comprehensive CRA audit checklist to ensure you are prepared. Watch this video to learn how to navigate the process and handle your HST audit with confidence. Real Audit Letter will be shared so you would remember the important information that you need for future reference. Chapters: 0:00 Introduction 0:21 Part 1 Recap 0:39 Disclaimers 2:00 Knowing what the CRA wants 5:51 Understanding the period asked by the CRA 7:04 1. Detailed Description of the Corporation's business activity 9:08 2. Invoice Date, Customer Name, Sale Amount & GST/HST collected / collectible 12:37 3. Provide the 5 Largest Invoices from Gross Sales List 17:26 4. List of Input Tax Credits (ITCs) 20:23 5. Provide the 5 Largest Invoices from ITCs List from different Suppliers Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!   / fixmybooks     / fixmybooksca​     / fix-my-books-inc   https://www.fixmybooks.ca/ #cra #canadarevenueagency #hst #canada #corporatetax #t2 #hstaudit #audit