Hi everyone,
I just received a notice of reassessment from CRA that shows they have updated/reduced two things,
1. Total federal non-refundable tax credits
2. Total (Provincial) non-refundable tax credits
This makes my refund for 2018 return (that I have already received) effectively reduced by 50% and I have to pay that much back.
Do you think this is something specific to me? or these tax credit changes signal a country/province wide update.
Please help clarify so that I can plan the next course of action.
Thanks
I just received a notice of reassessment from CRA that shows they have updated/reduced two things,
1. Total federal non-refundable tax credits
2. Total (Provincial) non-refundable tax credits
This makes my refund for 2018 return (that I have already received) effectively reduced by 50% and I have to pay that much back.
Do you think this is something specific to me? or these tax credit changes signal a country/province wide update.
Please help clarify so that I can plan the next course of action.
Thanks