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Canada sends you an assessment after you file letting you know their initial thoughts on how much you owe. You can still get audited to see if there were any om
by slededit 8y ago
Canada sends you an assessment after you file letting you know their initial thoughts on how much you owe. You can still get audited to see if there were any omissions or factual errors - e.g. Your home office isn't really an office.
- gruez 8y agobut don't you still have to fill out a tax form? in that case, isn't that the same as in US?.
- slededit 8y agoYes, but you have a much better idea of whether it was actually done correctly and matches CRA's information. I don't claim its better in every way, just this one specific issue has a solution.
- tobib 8y agoYou're actually able to electronically fetch all the data that the various companies (employer, broker, bank, etc) report to the CRA anyway. All you have to do is check it and send.