Description: The Canada Revenue Agency (CRA) wants to do your taxes. That might save you some time and labour, but it doesn’t please everyone. In Britain and France where such a system has been tried, it has delivered some questionable results. And given that a 2017 report by the Auditor General of Canada said that over 50% of the time calls to the CRA were not even answered, it might be fair game to question the idea of the ability of this agency to take on additional responsibilities.
Date: October 2, 2020
1) How much time do you spend each year doing your taxes?
2) Would you be willing to rely on the CRA to do your tax return and let you know the size of your refund or amount owing?
3) Chapter One of Wiley’s Auditing: A Practical Approach, discusses several types of audits that auditors can perform. What type of audit do you think the Office of the Auditor General was conducting when it discovered the problems at the Canada Revenue Agency?