http://business.financialpost.com/2012/11/03/employee-contractor-for-taxes-it-matters/?utm_source=dlvr.it&utm_medium=twitter

You’ve just received a letter from the Canada Revenue Agency (CRA). They intend to conduct a tax audit of your company for the past three years. Your palms are sweating, your heart races, and of course, the timing could not be worse with year-end just around the corner. What do you do? First, take a deep breath. Review the letter carefully to ensure that you understand what information is being requested and the scope of the audit. The initial request letter usually outlines general information pertaining to specific years and/or specific transactions in certain years that the CRA is interested in reviewing.…