Receiving an email from the Canada Revenue Agency (CRA) can be puzzling or even alarming. Many Canadians are unsure if a CRA email is legitimate and what steps to take next. This guide will explain why the CRA might email you, what those emails contain (and don’t contain), and how you should respond. Our goal is to help you confidently handle a legitimate CRA email – and know when to seek professional advice if needed.
What Is a Legitimate CRA Email?
A legiti…
Receiving a Notice of Reassessment from the Canada Revenue Agency (CRA) can be unsettling. You might feel that the CRA got it wrong and that you’re being asked to pay more tax than you should. The good news is that you can fight a CRA reassessment if you believe it’s incorrect. Canadian taxpayers have the right to dispute an assessment or reassessment and have it reviewed impartially. This article will explain, in clear steps, how to dispute a CRA reassessment…
Ontario’s Non-Resident Speculation Tax (NRST) is a 25% tax on the purchase of residential property by foreign nationals (non-Canadian, non-PR buyers) anywhere in the province. It’s often called Ontario’s foreign buyer tax. Normally, if any buyer of a home is a foreign national, the entire property price is taxed at 25% – even if the other co-buyers are Canadian. For example, a foreign person buying with a Canadian spouse would face the full tax on the whole purchas…
If you’re a foreign homebuyer in Ontario who paid the Non-Resident Speculation Tax (NRST), you might be wondering how to get that money back once you become a Canadian permanent resident. The good news is that Ontario offers an NRST rebate for new permanent residents, potentially returning tens or even hundreds of thousands of dollars to your pocket. However, the rules and timelines are strict – and missing a deadline can cost you dearly. This article will walk you…