"It's okay to make a mistake as long as you're learning from it. I think the idea of waiting for things to be perfect is an illusion, it doesn't happen."

Khalil Khamis, who is based in Guelph, has been instrumental in shaping Crafty Ramen’s growth since joining in 2018 and becoming CEO in 2021. Under his leadership, the company has evolved from a local ramen shop into a nationally recognized food brand, expanding its chef-crafted frozen ramen line to make restaurant-quality meals accessible in homes across Canada. Today, Crafty Ramen products are available in more than 2,700 retail locations, with continued expansion into new regions alongside its existing restaurant presence in Kitchener-Waterloo and Guelph.

During this period of growth, the company has received multiple accolades, including Canada’s Top Growing Companies (2022, 2023), FoundersBeta’s Top Companies to Watch (2024, 2025), the Guelph Chamber of Commerce Innovation Award, and recognition from Sobeys, Loblaws, and the Retail Council of Canada.

Beyond business, Khalil is deeply engaged in his community. He is the past Chair of The Foundation of Guelph General Hospital and serves on the advisory board of the University of Guelph’s J.F. Wood Centre. He was recently awarded the Frank Hasenfratz Award of Excellence for his leadership and entrepreneurial impact.

He remains focused on successfully scaling Crafty Ramen into the US market while staying true to its roots in craft, community, and creativity.

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CRA Audits Are Rising in Canada — What Every Entrepreneur Needs to Know (Audit Shield Explained)

What would happen if the CRA audited your business tomorrow?

In this episode of Canada’s Entrepreneur, Managing Editor Mario Taniguchi sits down with Jason Koenig of Audit Shield and Morgan Lock, Founder of Cedar CPA, to break down what Canadian entrepreneurs need to know about CRA audits, reviews, and rising scrutiny in today’s AI-driven tax environment.

You’ll learn:

• Why CRA audits and reviews are becoming more common

• The biggest misconceptions business owners have about audits

• What triggers CRA attention (and what doesn’t)

• How much an audit can actually cost—even if you did nothing wrong

• Why having the right accountant matters more than ever

• How Audit Shield helps cover unexpected accounting fees

If you’re a business owner in Canada, this is essential viewing to stay prepared, protected, and informed.

Learn more about Audit Shield: auditshieldconnect.ca Speak to your CPA about whether Audit Shield is right for your business

#CRAaudit #CanadianEntrepreneur #SmallBusinessCanada #AuditShield #TaxTipsCanada #BusinessAdvice #CPA #Entrepreneurship #CanadaBusiness #TaxAudit #FinancialProtection #BusinessTips #Accounting

Stay Connected with #CanadasEntrepreneur!

Join our growing community of entrepreneurs across Canada! Don't miss out on inspiring interviews, expert insights, and the latest business trends from the people shaping the future of our economy.

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CRA Audits Are Rising in Canada — What Every Business Owner Needs to Know (2026) Are CRA audits and reviews becoming more common in Canada? In this episode of Canada’s Entrepreneur, Managing Editor Mario Toneguzzi sits down with Jason Koenig of Audit Shield and Brock O’Reilly of O’Reilly CPA to break down what’s really happening behind the scenes.

From increased automation and AI-driven tax enforcement to the growing frequency of audit letters, Canadian business owners are facing a new reality: more scrutiny, more often — even if you’ve done nothing wrong.

In this episode, you’ll learn: • Why CRA audits and reviews are increasing • The biggest red flags that can trigger scrutiny • How AI and data analytics are changing tax enforcement • What types of businesses are being targeted • The real cost of responding to a CRA audit • What to do immediately if you receive a CRA notice • Why even compliant businesses are getting reviewed • Trends in GST/HST and payroll audits • How Audit Shield helps protect against unexpected accounting fees Whether you run a small business, side hustle, or growing company, this is essential insight to help you stay prepared and audit-ready.

Don’t wait until you get “the letter” — understand the risks and protect your business now. #CRA #CanadaBusiness #EntrepreneurCanada #SmallBusinessCanada #TaxAudit #AuditShield #CanadianEntrepreneur #BusinessTips #TaxTips #CPA #GSTHST #Payroll #SideHustleCanada #AIinFinance #BusinessOwners

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Stay Connected with #CanadasEntrepreneur!

Join our growing community of entrepreneurs across Canada! Don't miss out on inspiring interviews, expert insights, and the latest business trends from the people shaping the future of our economy.

👉 Subscribe to our YouTube channel for full episodes: https://www.youtube.com/@CanadasEntrepreneur 🌐 Explore more on our website: https://canadasentrepreneur.com 💼 Connect with us on LinkedIn: https://www.linkedin.com/company/canadas-entrepreneur 📸 Follow behind-the-scenes on Instagram: https://www.instagram.com/canadasentrepreneur 👍 Stay in the loop on Facebook: https://www.facebook.com/canadasentrepreneur 🐦 Join the conversation on X: https://x.com/CanadasPreneur

💡 Want exclusive updates on the latest #entrepreneur podcasts and news? Make sure to subscribe and never miss a beat! Your support helps us continue bringing you the best stories from Canada’s top business leaders.