CRA Review Common adjustments for Income Tax Return

Here are some tips from CRA review programs. Following these tips should help reduce the number of adjustments CRA make to returns each year. For more information, including how to get forms, guides, and other publications relating to the common adjustments listed below; select the link for the topic.

Topics

No reply received Note to students What if you don’t have all your information slips or receipts? Retiring allowances – Line 130 of the tax return RRSP deduction – Line 208 of the tax return

Annual Read more

Avoid CRA audit for personal income tax return

Accxpert_Tax_Newsletter

– Top Audit Triggers and what you can do to avoid the attention of CRA

Here are a few of the tips you will receive:

  • Not taking a second look at your return can lead to problems
  • Timing is everything
  • Making too much money could be a bad thing
  • Consistency is a good thing
  • and more!

You may be aware of some of these tips, but if there’s just one that you weren’t aware of it could just be the one that keeps CRA off your back.

You’ll also learn that even if you do everything right when it comes to filing your taxes and obeying CRA’s rules, sometimes your associations, good and bad, will get CRA’s attention.

This is where careful planning comes Read more