Common CRA Letters
Review Letter
In Canada, the Canada Revenue Agency (CRA) may issue review letters to individuals as part of their routine process to ensure the accuracy of tax filings and the proper administration of tax benefits. These letters are not an indication of wrongdoing but are meant to verify specific information, such as income, deductions, or eligibility for credits and benefits.
Receiving a review letter is a normal part of the CRA’s compliance measures, and responding promptly with the requested documentation helps ensure that your tax return is accurate and any applicable benefits or credits are processed correctly.
Audit Letter
In Canada, the Canada Revenue Agency (CRA) may send an audit letter to individuals as part of their routine checks to ensure tax compliance. Audits are typically conducted to verify the accuracy of income, deductions, and claims made on a tax return.
While audits can be applied to anyone, they are more common for self-employed individuals and those with significant foreign assets, as these groups often have more complex tax situations. The CRA may want to confirm that all reported income is properly accounted for and that tax laws related to self-employment or foreign investments are being followed.
Receiving an audit letter is a standard procedure, and cooperating with the CRA by providing the necessary documentation can help resolve the audit efficiently. It’s important to be thorough and transparent to avoid any potential issues with your tax filings.
Appeal
If you disagree with a decision made by the Canada Revenue Agency (CRA), such as the results of an audit or a reassessment, you have the right to appeal.
It’s important to keep all records, documents, and correspondence related to your appeal, as they may be required during the process.
If you’re unsure about how to proceed, we would be happy to assist you to ensure your appeal is handled correctly.