The TRUTH About The CRA Letter You Don’t Want To Get

In this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti break down one of the most stressful CRA letters a Canadian can receive: a notice of audit. They explain why audit notices can create serious financial and emotional stress in retirement, what typically triggers them, and how simple filing mistakes or inconsistent deductions can raise red flags. The conversation also covers what happens during an audit, the potential financial fallout, and the practical habits that can help reduce your risk, including better recordkeeping, consistency, and more organized tax documentation. Avoiding CRA problems often comes down to being more proactive and more organized before issues ever arise. 👉 Watch the full video episode on YouTube to learn how to reduce your risk of a CRA audit: https://www.youtube.com/watch?v=kak0kUBOKwA  Question for our listeners: Do you have a system in place to keep your tax records organized year after year? 👉 If you’d like help reviewing your retirement strategy, we’re offering a complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/ Follow us on our social channels: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/