The Audit That Could Shut You Down Part 1 Toronto Canada's Entrepreneur

About this episode

This episode discusses the rising frequency of CRA audits in Canada and what business owners need to know to stay prepared.

CRA Audits Are Rising in Canada — What Every Business Owner Needs to Know (2026)Are CRA audits and reviews becoming more common in Canada? In this episode of Canada’s Entrepreneur, Managing Editor Mario Toneguzzi sits down with Jason Koenig of Audit Shield and Brock O’Reilly of O’Reilly CPA to break down what’s really happening behind the scenes. From increased automation and AI-driven tax enforcement to the growing frequency of audit letters, Canadian business owners are facing a new reality: more scrutiny, more often — even if you’ve done nothing wrong. In this episode, you’ll learn:• Why CRA audits and reviews are increasing• The biggest red flags that can trigger scrutiny• How AI and data analytics are changing tax enforcement• What types of businesses are being targeted• The real cost of responding to a CRA audit• What to do immediately if you receive a CRA notice• Why even compliant businesses are getting reviewed• Trends in GST/HST and payroll audits• How Audit Shield helps protect against unexpected accounting feesWhether you run a small business, side hustle, or growing company, this is essential insight to help you stay prepared and audit-ready. Don’t wait until you get…

People in this episode

Host: Mario Toneguzzi

Guests: Jason Koenig, Brock O’Reilly

Topics covered

• CRA audits
• tax enforcement
• business compliance
• AI in finance
• audit preparation
• GST/HST audits

Keywords

• CRA audits
• tax audit
• business owners
• AI-driven tax enforcement
• audit preparation
• GST/HST
• payroll audits
• Audit Shield

Mentioned in this episode

Organizations: Audit Shield, O’Reilly CPA

Places: Canada

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