However, certain procedural matters do not “stop the clock” on the reassessment deadline. Budget 2024 proposed consequential amendments to section 231.8 to expand the application of the “stop the clock” rules to apply in situations where the taxpayer seeks judicial review of a CRA requir...
as well as an additional fourth year in the agreement that protects workers from inflation. The tentative agreement also includes a pensionable $2,500 one-time lump sum payment that represents an additional 3.6 per cent of salary
During an audit, the CRA meticulously reviews financial records and other relevant documents to ensure that all tax reporting and payment obligations have been met accurately and fully. The CRA audit process can involve examining various elements of your tax returns, including sources of income, ...