Guide To The Canadian Tax Audit Protection Plan-20080210

Guide To The Canadian Tax Audit Protection Plan-20080210

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MEMBERSHIP GUIDEFOR THE 2007 TAXATION YEAR20080210The Canadian Tax Audit Protection Planä Page 2 of 29Membership Guide for the 2007 Taxation YearTABLE OF CONTENTSWELCOME TO THE CANADIAN TAX AUDIT PROTECTION PLANä ......................................................4BEFORE YOU BEGIN............................................................................................................4BENEFITS OF MEMBERSHIP IN THE CANADIAN TAX AUDIT PROTECTION PLANä........................5PEACE OF MIND..................................................5FIFTEEN (15) HOURS OF LEGAL SERVICE .............................................................................5Are You Personally Registered for GST/HST Purposes?.................6POTENTIAL OF UP TO FORTY-FIVE (45) HOURS OF LEGAL SERVICE......................................6TWENTY PER CENT (20%) REDUCTION OFF OF ANY ADDITIONAL AUDIT-RELATED LEGAL SERVICES...................7Do You Carry On Business Through A Corporation? .....................................................................................7SOLICITOR-CLIENT PRIVILEGE ............................................................7MEMBERSHIP & FEES......................................................................................................8WHO CAN BECOME A MEMBER?.........................82007 PLAN MEMBERSHIP FEE..............................................................8HOW TO APPLY FOR MEMBERSHIP IN THE CANADIAN TAX AUDIT PROTECTION ...

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TABLEOFCONTENTS WELCOMETOTHECANADIANTAXAUDITPOTEC TIONPLAN BEFOREYOUBEGIN.4........................................................................................................................................... ENEITOMEMEHIPINTHECANADIANTAXAUDITPOTECTIONPLANPEACEOFMIND.5................................................................................................................................................. FIFTEEN(15) HOURSOFLEGALSERVICE.............................................................5................................................ AreYouPersonallyRegisteredforGST/HSTPurposes?.................................................................................6 POTENTIALOFUPTOFORTY-FIVE(45) HOURSOFLEGALSERVICE......................................................................TENTYPERCENT(20) REDUCTIONOFFOFANYADDITIONALAUDIT-RELATEDLEGALSERVICES...................7 DoYouCarryOnBusinessThroughACorporation?.....................................................................................7 SOLICITOR-CLIENTPRIVILEGE................7............................................................................................................ MEMEHIPEEHOCANBECOMEAMEMBER .........................................................................................................................8 2007 PLANMEMBERSHIPFEE..............8................................................................................................................ HOTOAPPLYFORMEMBERSHIPINTHECANADIANTAXAUDITPROTECTIONPLAN........................................ Step1– ReieTersConditionsforThe7TaationYear ................................................................... Step – CopleteConsenttoOtaineershipuoteor ...................................................................... Step – SendortoPartiipatingTaProfessional .................................................................................... StepSuitAppliation........................................................................................................................... StepAeptTersConditionsPayent............................................................................................ EXCLUIONLIMITATIONCOPEOTHEPLAN0 EXAMPLESOFEXCLUSIONS......................................................................................................1.0........................ TaasionOtherOffenes.....................................................................................................................1TaShelters.................................................................................................................................................11 GeneralAntiAoidaneRuleGAARAssessents......................................................................................11 etorthAssessents................................................................................................................................11 CorporateTaes..........................................................................................................................................11 AuditAssessentsofOtherTaes............................................................................................................1Third PartyAssessents ..............................................................................................................................1 SPECIALSITUATIONS....................................................................................................................................1.... PreassessentReies................................................................................................................................1Partnerships ................................................................................................................................................1 ossCarryforardsCarryasines1.............................................................................1plorationDeelopentpensesine.........................................................................................1SientifiResearhperientalDeelopentnestentTaCreditsines1.......................1EXCLUDEDCOSTS....................14.........................................................................................................................
TheCanadianTaxAuditProtectionPlanMembershipGuideforthe2007TaxationYear
20080210