Landing Page Forums Personal and Business Tax Matters Small Business Tax No receipts. Can I clain expenses? Reply To: No receipts. Can I clain expenses?

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Robert
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Reporting information for tax purposes without supporting documentation exposes you to fees and penalties (and possibly, legal action) should you end up being subject to an audit by the Canada Revenue Agency. Typically, you may be subject to an audit for a return filed as far as three years back. However, if it is found that an error or omission was made out of neglect, carelessness or willful default, the CRA can go back as far as possible. At the same time, if you can offer some other proof to support business expenses, you can still make a claim, but at your own risk.