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So the CRA wants to review your tax return, if you’ve read the first part of our blog, you now know what to do. But what happens AFTER your review? After your reviewAfter your review, the CRA will let you know the results IN WRITING, either in a letter or on a notice of assessment or reassessment. If after the review you owe more tax, remember to pay your amount owing in full as soon as possible. And if you can’t pay the full amount, you can call the CRA to set up a payment arrangement. It is important that if...
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Does CRA want to review your tax return? Don’t panic! A review is not an audit. Generally, a review is a routine check that the CRA does to ensure that amounts you have claimed are accurate. It also might be because some documents are required to support your claim. So breathe, keep calm and read on for important information. First, do you know why the CRA is reviewing your tax return? The Canadian system is based on self-assessment and when we file, we are usually not required to include our supporting documents. So to ensure the integrity of the tax system,...
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As mentioned in our last blog, the most common documents that the CRA asks for in validating your eligibility for benefits and credits pertain to marital status, residency and primary caregiver. Marital Status If you don’t report your correct marital status, it can affect the calculation of your child and family benefits and credits.  The most common errors include defining if you are separated or living with a spouse or common-law partner. You might not be considered separated if you decided to separate but still live together or you now share a household after a period of living apart. A common-law...
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There are instances where the CRA has to validate your eligibility for benefits and credits.  They might ask you for documents in order to make sure that the right benefit and credit is paid to the right individual, to inform individuals about their eligibility and entitlement to benefits and credits and to maintain the integrity of child and family benefit and credit programs. The CRA’s review may increase or decrease your benefit, depending on the results of the review. To start the validation process, typically, the CRA sends the individual a letter or questionnaire.  You will need to reply to the...
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