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Tax related questions(Canada)?
In 2011 I received a letter from the CRA requesting rent receipts for for my 2010 tax return. It took a couple months for my previous landlord to get them to me. By the time I go my receipts I had already received a letter informing me that I failed to provide the information and I now owe taxes. Being the first time I filed a return I got discouraged and ignored the letter(I know that was a bad idea). Also, I did not file my 2011 return(another bad idea). I am now in the process of filing my 2011 and 2012 returns. I was wondering if it is possible to clear my 2010 balance now that I have all my receipts? I was also wondering if I will be penalized for filing my 2011 return late. Any info would be great thank you.
1 Answer
- Fred SLv 78 years agoFavorite Answer
Yes, it will be easy to "clear" your 2010 return. Just file a T1-ADJ for 2010, and attach the receipts.
From now on, make sure you have receipts before you claim any expenses. CRA has tagged you as someone who tries to get away without having receipts, so they'll be pestering you about them. Keep responding to their requests in a timely fashion, and they'll eventually leave you alone.
