K. K. Chartered Professional Accountant

You filed your tax return.

A few weeks later, you realize: I made a mistake.

Most Ontario business owners panic or assume fixing it triggers an audit.

Here's what actually matters:
Voluntary correction: penalties waived.
CRA discovers it: penalties can be 50% of the tax.
That's a $5,000 difference on a $10,000 error.

But timing matters. How you correct matters.

Our guide explains when to file an amended return and why your approach shapes what happens next.
Read it here: https://www.kkcpa.ca/blog/archive/amended-return-filing-errors-ontario/