Net Worth Audits

An NWA is an invasive type of audit conducted by CRA when they believe a taxpayer has unreported income. It involves CRA auditors going through all the taxpayer’s personal bank statements and assets to determine their personal income. For people facing an NWA, it will likely be one of the most stressful and frustrating experiences of their life.

Blachford Tax Law has extensive experience resolving NWAs on behalf of taxpayers. Below are some of the resources we’ve created over the years. Contact us if you or your client is facing an NWA.

Principals of an NWA —— Infographic
How to Beat an NWA —— Article
What is an NWA —— Video
First 7 Steps for a CRA NWA: A Guide for Accountants in Canada —— Video
Shareholder Loan Accounts and NWAs —— Video
Report: Improving Services for Business Owners Facing a CRA NWA —— Article
CPA Survey on NWAs: The results are in! —— Article
Combating an NWA —— Video
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Community News - Net Worth Audit Awareness Month

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The Blachford Brief – Fall 2024