What you need to know if the CRA reviews your home office expense claims
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.”
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Jamie Golombek
Original Article Posted on: Aug 05, 2021