I was reassessed from the CRA and need to pay about $1500, with about 50% of that comprising of penalties and interest. I understand that you are able to contest the decision by writing a letter to the tax center. Anybody have any experience with this? Any advise?
thx
If you want to object to the assessment, you should file a notice of objection within 90 days of the mailing date of the assessment. Use form T400A and explain why you are objecting.
http://www.cra-arc.gc.ca/E/pbg/tf/t4...DME.html?=slnk
True, but it is a good idea to actually pay the amount they say owing first, and then file for objection. This is because, during the objection period, their collections department is stayed, but the interest keeps piling up. The CRA works very slowly, btw. If you eventually lose the objection, you will have to pay an even larger amount in interest! But if you win, they have to give the money back with interest.
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