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CRA has recently announced that it will be conducting a letter writing campaign to inform Canadians about their tax obligations. Two types of letters will be sent to thousands of Canadians. Some will receive a letter providing information about eligibility criteria for certain deductions they have claimed in their recent income tax returns. Other taxpayers will receive a similar type of letter, and will be advised of the possibility that their income tax returns may be selected for audit.
The goal of the campaign is to educate taxpayers as well as promote compliance with the Income Tax Act. The CRA is asking individuals to self-review their claims related to rental income and expenses, employment expenses and business or commission income and expenses. They are also providing taxpayers with the opportunity to amend their tax returns or make a voluntary disclosure in situations where the taxpayer may have claimed deductions in error.
The letters appear to be a random and widespread campaign initiated by the CRA. If you receive a letter, it does not mean that your tax return has been selected for audit. If however you have questions / concerns please contact your local MNP tax advisor.
Related Topics:Personal Tax; Canada Revenue Agency
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