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Net Worth Assessments
A net worth assessment (NWA) is an audit technique that allows the CRA to assess tax liability based on a taxpayer's lifestyle. The CRA analyses the taxpayer's assets, liabilities, bank deposits, and personal expenditures to determine the amount of funds he or she had available during a specific period.
CONTACT US if you are being audited or were reassessed by the CRA using the NWA audit method.
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