What you need to know if the CRA reviews your home office expense claims

Author: External Author | | Categories: Accounting Services , Tax Services

On the Tuesday after the August long weekend, at the ungodly hour of 1:19 AM, I received an e-mail with the ominous subject line: “New mail from the Canada Revenue Agency.” This is rarely good news.

Yes, the CRA was, as it seems to do each year, preparing to conduct a “review” of various line items from my 2020 personal tax return. As the six-page, single-spaced computer-generated form letter explained: “We regularly review returns after sending out the notice of assessment. These reviews are an important part of the self-assessment tax system. We would like to confirm that we assessed your return correctly and need more information about the claim(s) shown below.”

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Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Jamie Golombek

Original Article Posted on:  Aug 05, 2021 

Link to Original Article:  https://financialpost.com/personal-finance/taxes/what-you-need-to-know-if-the-cra-reviews-your-home-office-expense-claims