Good day everyone,
I received a letter from CRA under special review program (not an audit!). They are asking for information regarding my business (i.e. Uber in my case) for 2017. I collected all required expenses (receipts, credit card and bank statements) along with my income (tax summary I got from Uber).
Any advice is much appreciated.
I received a letter from CRA under special review program (not an audit!). They are asking for information regarding my business (i.e. Uber in my case) for 2017. I collected all required expenses (receipts, credit card and bank statements) along with my income (tax summary I got from Uber).
- Does anyone has any experience with such a review? Any advice?
- After reviewing my expenses I noticed few errors: for example I did not report few expenses for gas. I also double counted expenses for car mat (about $230) due to my Excel formula error. I also can't find few receipts for parking (short about $30). I am providing explanations on those items to CRA. My income tax does not change significantly based on those fixes, but I wonder if CRA might view is as an issue?
- In the business questionnaire that CRA sent me they asked about use of business-use-of-home expenses. During my income tax submission, I used percentage (I use Simpletax website to do my taxes). For for example, I would indicate that I use about 7% of the time for business purposes throughout the year. However, in the questionnaire they ask for footage used for business. I have provided prorated amount, i.e., 7% of the footage for that room. Should I provide explanation as to how I calculated it during submission?
- Mileage - I am providing monthly mileage. Does CRA need daily mileage? They just asked for mileage over the year.
Any advice is much appreciated.