At Accountancy Insurance our vision is to be the pre-eminent provider of tax audit insurance to accounting firms across Commonwealth countries.
We partner with thousands of accounting firms throughout Canada, Australia, and New Zealand to provide an end-to-end solution that best suits the needs of accounting firms and their clients.
Director - Taxation Services, Kingston Ross Pasnak, Edmonton AB
My personal experience with Audit Shield is that they look for every possible way they can argue that CRA activity falls within the items that are covered. They run a very ethical, client-centric business. In addition to avoiding "surprise audit costs", the practitioner never has to think "is this worth fighting economically?" I have lost count of how many times I have been able to tell a client “There’s no fee for that - you paid for Audit Shield". That takes a lot of the sting out of a CRA review! If the client does not want coverage, the decision is theirs.
Principal, Integra Solutions Group CPA, Calgary AB
Audit Shield has enabled us to facilitate discussions with our clients regarding the way governments have stepped up their questions and the issues that are now being explored by them and, consequently, the time that we have devoted to dealing with those issues and questions.
Partner, Bevan & Partners, Brooks AB
We have seen an increase in Canada Revenue Agency audit activity in recent years, so we believed it would be beneficial to offer Audit Shield to manage those costs to our clients.
Partner, Good Redden Klosler LLP, Simcoe & Tillsonburg ON
Audit Shield gives our clients freedom from uncertainty. Clients come to accountants to get things done properly, but with the Canada Revenue Agency in the mix, things can go off the rails. Audit Shield gives clients a level of assurance that everything is going be ok.
Director, Taxation
I know that I've been very happy with the results of making Audit Shield available to clients at our firm. Even clients who decline still appreciate being afforded the choice, and I have had quite a few note that this is a no-brainer for them, based on costs incurred in the past from CRA reviews.
Principal, Michael H. Keltz Chartered Accountant, East York ON
It was no hassle to implement Audit Shield and the Accountancy Insurance team were pretty spot on with the expectation of client take up.
Tax Partner, Welch LLP, Ottawa, ON
I have been very happy with the results in being able to offer up Audit Shield to Welch LLP clients. Great service from Sharon and the crew at Accountancy Insurance.
Van Wensem & Vukets CPAs, Surrey & Saanichton, BC
We’ve been offering Audit Shield to our clients for over 4 years now with great success. Feedback is overly positive from clients who appreciate having the choice of how to manage unforeseen tax audits and reviews. It has also given clients who chose not to participate a better understanding of the additional work, and cost, required for these reviews. We are extremely pleased with the Audit Shield offering and service, making Audit Shield an important service to offer our clients. The renewal and claims process has become very streamlined.
This cut comes as the central bank aims to stimulate a slowing economy. Previous reductions had been more modest, typically at a quarter-point. Governor Tiff Macklem highlighted a “clear consensus” among policymakers regarding the necessity of this larger cut. He noted that recent economic data supported a more aggressive approach, indicating that if current trends […]
A study from the C.D. Howe Institute suggests that the expected increase in federal revenues will fall significantly short of projections, with an estimated C$3.3 billion generated over five years. This figure contrasts sharply with the government’s initial forecast of C$8.8 billion, raising concerns about the fiscal implications of this policy change. The discrepancy in […]
In December, over $2.5 billion will be distributed to approximately 600,000 businesses across the country, providing a welcome financial boost as the economy continues to recover. These payments represent a portion of the carbon price revenue collected from 2019 to 2024, specifically benefiting businesses in regions where the federal fuel charge applies. For instance, a […]
Insurance will not cover every event or loss. Limits apply to cover. Audit Shield is underwritten by certain underwriters at Lloyd’s. Cover provided by an insurance policy is subject to the terms, conditions and exclusions described in the relevant policy. Contact us for a copy.
