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My Account is a secure portal that lets you view your personal income tax and benefit information and manage your tax affairs online. It allows you to track your returns filed, your refund, view or change your return, check your benefit and credit payments, view your RRSP limit, set up direct deposit, get Notice of Assessments & receive email notifications.
My Account is:
- Convenient – It is available 21 hours a day, 7 days a week.
- Easy to use – After registering, simply log in with your CRA user ID and password.
- Fast – Information is up-to-the-minute and transactions are processed immediately.
- Secure – The CRA user ID and password are just part of the security.
Before you can register, you must have filed your income tax and benefit return for the current tax year or the previous one.
To get access, you will need:
- your social insurance number;
- your date of birth;
- your current postal code and;
- an amount you entered on your income tax and benefit return –have your return on hand (the line requested will vary and it could be from the current tax year or the previous one).
Click on the following link to see how to set up your My Account with CRA.
With the province of Ontario starting to re-open this month, we wanted to provide an update on how The Homestead Group Inc. will operate moving forward. We will continue to operate as we have for the past 18 months – virtually. This means that in-person appointments for tax prep will no longer be a service that we will be offering to our clients. Consultations & client meetings will be done via phone or video call.
COVID has afforded us the opportunity to work from home, with each of us taking turns being in the office on certain days. We have all come to appreciate the lifestyle benefits/balance that working from home has provided & will continue to keep that in place.
We ask that our clients continue to send us their tax & bookkeeping information via mail, email or drop off to our locked mailbox.
Given the current & ongoing situation with Covid, our office will continue to remain closed to clients for the foreseeable future. Since mid-March 2020, we have been primarily working remotely with only one person in at office each day.
For the upcoming tax season, we ask that you submit your tax information to us via: mail, email or drop-off to our locked mailbox. We will confirm once we have received your information, & once we get started on your return(s), will call with any questions or clarifications. Please keep us updated with any changes to your situation (address, children, marital status, email).
Please ensure that you have all the necessary paperwork organized before you send /drop off your information. We require receipts for donations, medical, rent, RRSP & tuition.
Once your returns are completed, we will either email or mail them back to you for review & signature, depending on your preference.
At this point, we are assuming that April 30th will be the tax filing deadline, however, as with 2020, that may change. The cut-off date, to get us our information to ensure that your return(s) will be completed by April 30th is Friday April 23rd. We will do our best to complete any returns received after April 23rd, however, there are no guarantees.
We are accepting a limited number of new clients & ask them to reach out to us via email (firstname.lastname@example.org).
Take care & stay safe!
As per the CPA Canada website:
On March 18, 2020, the federal government released information on tax extensions and other changes that have become necessary due to the COVID-19 crisis. Although this was welcomed news, there is still some uncertainty as the announcement did not provide a comprehensive update on all tax deadlines that are soon approaching.
The specific measures in the announcement include the following
- Personal returns — The deadline for filing T1 returns that were due on April 30, 2020 has been extended to June 1, 2020. Individuals expecting a refund or benefits should file sooner if possible, as the Canada Revenue Agency (CRA) will process refunds.
- Trust returns — For trusts having a taxation year ending on December 31, 2019, the return filing due date will be deferred until May 1, 2020.
- Income tax payments for all taxpayers — The CRA will allow all taxpayers to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020. This relief would apply to income tax balances due, as well as instalments and no interest or penalties will accumulate on these amounts during this period.
It should also be noted that no mention was made on relief for GST/HST for businesses.
On CRA services, they have sent most staff home and will focus on essential services including the continuity of benefit payments and associated functions while cutting back activities in other areas. Although the CRA will continue to respond to incoming calls at call centres, they will operate at a significantly reduced capacity and may give priority to enquiries related to benefits.
The government also announced that benefits such as the Canada Child Benefit and the GST credit will be enhanced.