Agency tells CPA Canada it will begin reassessing affected returns "shortly"
Agency urges ‘swift action’ to restore account within annual limit to minimize tax impact
Number of service complaints was flat year over year, Taxpayers' Ombudsperson report says
Agency confirms the interest rate Canadians must pay on overdue tax will drop to 7%
CRA identifies one issue that may have affected tax returns filed through April 21, and additional issues may remain
Also, CFIB calls for legislative action on lifetime capital gains exemption, Canadian Entrepreneurs' Incentive, carbon tax
Clients must sign in to My Business Account to receive notices of assessment and other tax correspondence
Prescribed rate for the third quarter to decrease by one percentage point — to 3%
Affected taxpayers include those with capital gains from mutual funds in non-registered accounts
The agency still intends to provide arrears interest and penalty relief to eligible affected taxpayers