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Category Archives: Personal Tax Issues

When CRA sends you a letter

It’s that time of year again, when the letters from Canada Revenue Agency come out to verify deductions made on those tax returns that were filed last spring.  We got two this week, my son Kevan got one on Tuesday auditing his rent receipts.  Today’s mail brings one for my husband Brook, auditing our charitable donations and tuition transfers.

Many of my clients get in a panic when they get a letter from CRA.  It really is nothing to worry about though.  Since I have “represent a client” status for most of my clients (and of course my family), it’s a simple matter to upload a pdf of the requested information directly to the CRA website.  A couple weeks later a letter will come saying thanks for the receipts, no changes have occurred.  As part of my tax practice, I scan all tax slips, donation receipts and medical receipts for my clients.  If a letter should come, it’s a simple matter to pull the receipts from the scan, save as a separate pdf and upload.

Back to the family audits, I’ve pulled all the receipts and will upload this evening.  Just a minor inconvenience.  I’m actually excited we are being audited for our charitable donations.  A friend of mine says “When you give away so much that the CRA questions it, you’re doing it right”.

CRA Spam phone calls threatening lawsuits

Beware of new telephone scams Ottawa, Ontario, June 10, 2015… The Canada Revenue Agency (CRA) is noting an increase in telephone scams where the caller claims to be from the CRA but is not, and is asking Canadians to beware—these calls are fraudulent and could result in identity and financial theft. Some recent telephone scams… Keep Reading …

Computer trouble at Canada Revenue Agency

Online access and efiling capabilities have been temporary suspended at Canada Revenue Agency due to internet security concerns.  For updates check the CRA home page at http://www.cra-arc.gc.ca/menu-e.html Here is the current status direct from the CRA home page: Statement from the Canada Revenue Agency The Canada Revenue Agency (CRA) places first priority on ensuring the… Keep Reading …

Don’t miss these upcoming deadlines!!

For individuals, March 3, 2014 is the deadline for contributing to an RRSP for the 2013 tax year.  You can find out how much contribution room you have by: – checking your 2012 T1 Personal Return Notice of Assessment -accessing My Account on the CRA website http://www.cra-arc.gc.ca/esrvc-srvce/tx/ndvdls/myccnt/menu-eng.html – or by calling TIPS (Tax Information Phone… Keep Reading …

Tax Refund Scams

One of my clients forwarded me an email from Canada Revenue Agency this morning.  It said she was entitled to a refund.  If you get one of these emails, delete it immediately.  Do not click where it says to access the refund form. Canada Revenue Agency never corresponds with taxpayers by email. Here is what… Keep Reading …

Paying for University or College

With my son Brett ready to graduate from Ryerson and Kevan off to Queen’s in the fall, I’m frequently asked by clients how much it costs, and what is the best way to save.  I tell them the first step is RESP’s (Registered Education Savings Plans).  You need to start as soon as you child… Keep Reading …