Audit Insurance

Hi

Personally, I believe that this type of insurance is a rip off designed to allow accountants to make extra money - whether you are audited or not.

The fine print will show that the insurance is void if the tax office attacks under Part IVA (the anti avoidance provisions of the tax act)

The insurance usually covers your accounting fees dealing with the audit. It allows the accountant to charge his/her highest rates knowing that you won't pay the bill, the insurance company will.

Just my thoughts....

Dale
 
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