duskapoirier
Level 1
‎March 03, 2024 11:22 AM

Federal Tax variance

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?

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Mario B
ProFile Team
ProFile Team
‎March 06, 2024 12:17 PM

ReFILE

Please call the helpline. You will need the Notice of assesment and the tax file so that we can compare.

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JRBooks1
Level 3
‎March 06, 2024 12:49 PM

ReFILE

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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