British Columbia has recently updated this bulletin to provide more information regarding the Audit Limitation Waiver Agreement. By signing a waiver agreement, a taxpayer elects to waive the audit period time limit beyond the time limit required by law. This waiver agreement will allow a taxpayer more time to gather additional information requested by an auditor, prior to an assessment being issued.
BC GEN 009
British Columbia Bulletin GEN 009, “Understanding Your Consumer Tax Audit”
Tax Development Apr 12, 2009