Amended tax returns pre-proposal
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Good morning,
I filed a proposal a few years ago, and it’s not paid in full yet, I am still making monthly payments. I have a question about pre-proposal tax returns. I have received tax advice now about claiming certain items like tuition credits, moving expenses, employment expenses etc. My question is, can I file an amendment to pre-proposal tax returns? Will I be entitled to the refund produced based on a re-assessment now, but regarding the tax years pre-proposal? Will it affect my proposal amounts?
Kind regards,
1 Answer
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To answer your questions:
- Yes, you can file an amended pre-proposal tax return.
- Was Canada Revenue Agency one of the creditors in your proposal? If yes, then any resulting refund would applied by CRA against any pre-proposal income tax debt.
- This will not affect your proposal payments.
Your Answer
1 Answer
0
To answer your questions:
- Yes, you can file an amended pre-proposal tax return.
- Was Canada Revenue Agency one of the creditors in your proposal? If yes, then any resulting refund would applied by CRA against any pre-proposal income tax debt.
- This will not affect your proposal payments.