Did you know that the Canada Pension Plan contribution rates have risen starting January 2019? https://t.co/j9hfofJTaO
Don’t agree with your Notice of Assessment? Here’s what you can do.in KD Professional Accounting Services News
· If you want to provide the CRA with missing information for a tax return you have filed previously: You can generally ask for a change to your personal tax return for a tax year ending in any of the 10 previous calendar years. So you can ask for a change rather than filing an objection right away.
· If you have provided all the required documents but did not receive the outcome you expected and think that the CRA has misinterpreted the facts or applied the law incorrectly: You have the right to object and submit an objection. You or your authorized representative can file an objection. You must explain clearly why you disagree with your assessment and include all the relevant facts and reasons. Note that there is a time limit for filing an objection. The time limit for filing an objection is whichever of the following two dates is later: one year after the date of the filing deadline for the return or the day that is 90 days after the day of sending the Notice of Assessment.
Please contact us at KD to help you resolve any issues you are having with your Notice of Assessment. We are always here to help!