Guard client information in CRA audits. Understand privilege and confidentiality to legally limit disclosure and protect your client.
As the first point of contact in a CRA audit, accountants are uniquely positioned to shape the narrative and manage the scope of a client’s audit. While most accountants understand that privileged documents do not need to be disclosed to a CRA auditor, the practice of identifying and asserting privilege is often underutilized. In practice, determining when legal privilege applies can be challenging, yet the ability to do so is a vital gatekeeping skill. Overzealous disclosure can inadvertently expand an audit to include other years, other taxpayers, and ultimately, additional grounds for potential reassessments.
This one-hour course will familiarize attendees with the fundamentals of privilege and how it can streamline an audit while adding value for clients.
Topics include:
AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.
LL.B
Stephanie is a member of the firm’s Tax Group. She is developing a broad practice that encompasses advocacy and advisory support for clients involved in tax disputes, including proceedings under the Income Tax Act, the Excise Tax Act, the Employer Health Tax Act, the Land Transfer Tax Act, and other provincial taxation regimes. Stephanie understands how tax considerations drive decisions in business and personal finance. Prior experience as a manager in the non-profit sector has made her an effective negotiator with a commitment to exceptional client service. Stephanie joined Aird & Berlis as an associate after summering and articling with the firm.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
