An audit is an examination of your business’ financial records to ensure that you are collecting, remitting and paying tax that is due, and to identify any areas where you may be doing this incorrectly.
The Ministry of Finance conducts audits to identify and collect unpaid provincial revenue.
The PST returned on April 1, 2013. The ministry may conduct audits under the Provincial Sales Tax Act any time after that date.
Please note that if your business underwent a PST Education Program review (available from April 1, 2013 to March 31, 2014) and errors were noted that you have not corrected, those errors will be included in your audit and will result in penalties plus interest.