In this webinar, we will review the interest and penalty relief available for returns filed and payments made after the “normal” due dates. Additionally, we will provide recommendations for identifying returns that may require adjustments. Our discussion will encompass best practices for managing CRA reviews, submitting adjustment requests, dealing with misallocated payments, filing objections, and requesting relief. Furthermore, we will offer valuable tips for managing your client authorizations and discuss CRA’s planned changes for submitting authorization requests.

TOPICS:

• Notices of Assessment (NOA)
  • When are notices delivered electronically?
  • My Account notification preferences
  • Using the Notices feature in Represent a Client
• Payments
  • Arrears interest
  • Payment offsets
  • Misallocated payments
  • Electronic payment requirements
• Interest and Penalties
  • Penalties and interest applicable to T1 returns
  • CRA announced interest and penalty relief for “impacted” taxpayers
  • Interest and penalty relief for rejected returns
• Requesting Adjustments and Objecting
  • Identifying missing T-slips
  • Using Change My Return
  • Using ReFile
  • Best method for requesting adjustments
  • Reassessments
• Objections
  • Options for filing an Objection
  • Time frames for objections
  • CRA Progress Tracker
• Taxpayer Relief and Voluntary Disclosure
  • When taxpayer relief is available
  • Criteria for Voluntary Disclosure
• CRA T1 Reviews
  • Electronic notification of reviews
  • Types of CRA reviews
  • Most common CRA review requests
  • Anticipating and preparing for CRA reviews 
  • Responding to review requests
• Managing your Authorizations
  • CRA’s planned changes for requesting authorizations
  • Multiple representatives
  • Cancelling authorizations

LEARNING OBJECTIVES:

• Be aware of the interest and penalty relief that is available
• Become familiar with the most common reasons for CRA reviews
• Understand the different methods of requesting adjustments

Minimum System Requirements:
You will require an Internet connection and a phone/voice connection at the same time. Most attendees use their computer for the audio. Participants are able to submit questions and comments during the session via a Q&A text panel. Terms, conditions, pricing and services subject to change.

Target Audience:
This webinar will be of most interest to accountants and tax practitioners that prepare personal tax returns. 

Professional Development Credits (CPE Hours):
Wolters Kluwer professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation. Additional credit will not be awarded due to the instructor presenting over the allotted time.

Terms and Conditions:
Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for three months following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions (where applicable). Additional credit will not be awarded due to the instructor presenting over the allotted time.

Cancellation policy:
Due to the costs involved with planning Web sessions, cancellations must be confirmed in writing at least one (1) business day before the beginning of the Web session. If we receive your cancellation notice within the above-mentioned period, you will receive a full refund. No refund will be issued for notices received after the cancellation period.

This Webinar Includes:

• 30-days to review the webinar recording
• Print version of the presentation slides
• PD Certificate for 2 hours

PRESENTER: Maureen Vance, CPA, CA

Maureen obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now a part of Wolters Kluwer) in 1985. She completed the CICA in-depth tax course in 1991, and since 2002 has been a consultant to Wolters Kluwer on tax and compliance issues. 

Maureen researches and writes material on tax planning and compliance and presents seminars and webinars on various tax and software topics to accounting firms across Canada. She is a member of the CRA-CPA Canada Technology Working Group, a contributor to the CPA Canada Tax Risk Management Guide, a contributing author for the Wolters Kluwer publications Preparing Your Income Tax Returns, Preparing Your Trust Returns, Preparing Your Corporate Tax Returns and Preparing Your Partnership Returns and a frequent contributor to the Wolters Kluwer Canada publication Tax Topics.