Tag: tax return
Objecting to the CRA assessment of your tax return
The Auditor General of Canada in its 2016 report indicated that there may be cases where taxpayers disagree with the Canada Revenue Agency's (CRA) assessment of their tax returns.
The cost of exceeding your allowable RRSP contribution
Under the Income Tax Act, contributions to an RRSP that exceed your RRSP/PRPP deduction limit by more than $2,000 can result in harsh penalties.