Simply defined, a Trust Exam is when the Canada Revenue Agency sends someone out to look at how you’ve handled your Trust Money – that is, payroll and GST remittances that you’re holding in trust for those government taxes you owe.
Trust Exams are usually triggered for payroll issues, though they can be the result of GST issues as well.
They may be scary, but the you know there are penalties and interest coming.
If a Trust Examiner is sent out, it’s...
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