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The CRA recently released highlights from their Corporate Planning with their commitments to Canadians in respect to tax services. 1. CRA commits to providing timely and accurate information through written correspondence or their telephone services. • By May 2019, the CRA’s goal is to complete improvements to the design, style, clarity and tone of 95% of their written correspondence to Canadians. 2. CRA commits to making it easy to comply with tax obligations. • By December 2018, the CRA plans to allow taxpayers who use GST/HST Internet File Transfer software to register for online mail. • By May 2019, the CRA...
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After you have authorized your representative and the CRA has processed your request, it is still your responsibility, as a taxpayer, to:- Monitor and understand the transactions your representative completes on your behalf. Be aware of all the transactions your representative made and will make. Most importantly, make sure you are always aligned with your representative on what the expected end results of these transactions will be. - Make sure the information about your representatives is up-to-date with CRA. - Cancel the authorization for any representatives you don’t need anymore. - If you think your representative is not acting in your...
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In this blog, we will be discussing the different levels of authorization you can choose from when authorizing a representative with the CRA. By choosing the level of authorization, you are able to control the type of access the CRA can give to your representative. LEVEL 1 – Disclose informationA level 1 authorization will allow your representative to access the following information:- Information given on your T1- Adjustments made to your T1- Information about your registered retirement savings plan, Home Buyer’s Plan, tax-free savings account and Lifelong Learning Plan- Your accounting information such as balances, payments, instalments and transfers- Information about...
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There are some instances when you, as a taxpayer, need someone to help in resolving some issues with the CRA. And since an individual’s tax information is confidential, the CRA will need your authorization to deal with another person who would act as your representative. A representative is a person or business that you authorize to deal with the CRA for you. This person can be your spouse, a family member or your accountant. You can check if you already have representatives listed on your file and what they are allowed to do on your behalf by calling the CRA at...
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