8:12 am
December 17, 2016
8:41 am
November 8, 2018
Top It Up said
My return is mailed-in and assessed i.e. DONE, long before tax slips are posted to my CRA account.
Below statement is not targeted at you, but discussing the CRA tax review and assessment process, so please don't take it personally.
It is logical to assume they won't just trust a word from someone who sent their printed return by mail on January 2nd, indicating NINJA status, only to see T4 for that person submitted in February and hefty interest income from some bank in T5 submitted in March.
I am assuming, individual tax returns are internally reassessed by CRA as soon as new tax slips are posted to CRA.
8:50 am
December 7, 2011
8:50 am
December 17, 2016
Everything CRA related is about patterns - individuals who file similar returns year over year over year are of little/no concern to the CRA - fall out of that pattern, just once, and you may be flagged for a period of time. Any analysis performed by CRA would be by computer driven algorithms not by "hand" until the file is flagged.
9:12 am
November 8, 2018
Top It Up said
Everything CRA related is about patterns - individuals who file similar returns year over year over year are of little/no concern to the CRA - fall out of that pattern, just once, and you may be flagged for a period of time. Any analysis performed by CRA would be by computer driven algorithms not by "hand" until the file is flagged.
I had relative who opened new investment accounts with a bank she had account with for a long time, and got two additional tax forms from the bank early next year. For some reason, she decided one was duplicate and submitted tax return with just one bank tax form, not two.
She was reminded by CRA after initial assessment that her tax return is not complete, had to correct it and had to return part of tax refund.
I see no issue with how computers can do basic validation of tax returns. Even what you send by mail will be, most likely, manually entered by unionized government employee into computer systems.
Comparing count of submitted forms of different types for a tax return is just a simple database query.
If count matches, comparing numbers entered in each form is not a hard job for a computer either.
9:31 am
December 17, 2016
3:53 pm
June 15, 2016
Alexandre said
Regardless of email or snail mail delivery, T5s are also available at CRA "My Account."I just checked mine from Simplii for 2017 tax year, it is there, listed under CIBC bank. Submitted to CRA by Simplii on 2018-03-06.
If you do NETFILE through tax preparation software such as TurboTax, it can just download those (and other tax forms) from CRA for you, when they become available at CRA.
Yes my upload date for last year is also the same - 6 th March, 2018.
Submitted to CRA by Simplii on 2018-03-06.
7:56 pm
June 15, 2016
5:05 am
May 20, 2016
9:19 am
June 15, 2016
9:36 am
February 18, 2016
Alexandre said
I am assuming, individual tax returns are internally reassessed by CRA as soon as new tax slips are posted to CRA.
Ha, ha; NO WAY. They would need thousands of contractors to do that.
Everything is 'computerized' and goes through AI algorithm. Very AAAAIIII
They take your return and compare it with what they got.
If it is equal, you get tap on the head - good boy, roll over - for the next year;
If it is within certain margin - you get reassessment notice and dry bone;
If it is not the same for a MARGIN - you get audited, kicked between the legs and thrown outdoors - BAD BOY.
4:15 pm
November 8, 2018
11:35 am
June 15, 2016
Alexandre said
Got mine in the mail today, March 1st, too. Do not see it uploaded to CRA My Account yet. I expect it will be there in few days.
Last yr on March 6- 2018 it was showing online on CRA My Account.
These guys need to get with the times and make their slips online like Tangerine.
I literally get nothing in my mail except this slip. They barely clear the sidewalk around my community mail box, so it is always slippery and full of ice over thrre.
I have kept everything online, plus no junk mail sign on my box.
3:00 pm
May 28, 2013
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