[Verse 1] When the mailbox holds an envelope you dread CRA's knocking with questions widespread Desk audit means they'll scrutinize from afar Field audit brings agents right where you are Special audits dig deeper than before Taxpayer records you must explore [Chorus] Three types of review, three four unlimited Desk field special, powers distributed Normal reassess three years for most Four for business, that's their boast Gross negligence one-six-three-two Third party penalties coming for you [Verse 2] Audit powers stretch wide and far Examine books wherever they are Taxpayer obligations crystal clear Produce records, make them appear Answer questions under oath if pressed Compliance isn't just a test [Chorus] Three types of review, three four unlimited Desk field special, powers distributed Normal reassess three years for most Four for business, that's their boast Gross negligence one-six-three-two Third party penalties coming for you [Verse 3] Reassessment periods have their span Three years personal, four year business plan But when fraud or misrepresentation's found Unlimited time, no statute bound Extended periods for carryback claims Playing by different timing games [Bridge] Net worth method when income's unclear Compare assets year to year Lifestyle doesn't match what's declared Indirect assessment leaves you scared Late filing penalties stack up high Don't let compliance pass you by [Chorus] Three types of review, three four unlimited Desk field special, powers distributed Normal reassess three years for most Four for business, that's their boast Gross negligence one-six-three-two Third party penalties coming for you [Outro] Section one-six-three point two awaits Planners advisors at the gates Gross negligence fifty percent fine Keep your records clean and aligned
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