I have had clients come back to me to say that what CRA assessed them for was different from what I filed. When I investigated it, the discrepancy is the Federal Tax, one client had a difference of almost $400.00 lower than what Profile Assessed. I redid the taxes only to get the same result. Is CRA off or is Profiles formula's off?
When something like this happens, I pull the NOA from the CRA website and start comparing with what Profile has. It's not the easiest process, as CRA gets creative in where they group things. But it's a necessary step to try to reconcile the two reports.
Jo
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