TAXES.CA - The Canadian Tax and RRSP Homepage TAXES.CA - Your source for tax information in Canada
Canadian Tax BlogDirectory of Canadian Tax ProfessionalsCanada Tax and RRSP Information
Canadian Tax Blog

April 2009 Archives

April 27, 2009

CRA News release: Paying the correct amounts to eligible taxpayers

According to a Canada Revenue Agency news release, the CRA issued benefit payments worth $16 billion to over 11 million Canadians last year. To keep the system fair for all taxpayers, the CRA works to ensure that benefit payments are issued to only those eligible to receive them and that they are in the correct amounts.

"The CRA's validation process includes reviews to ensure eligible individuals are issued the benefits they are entitled to receive. In 2007-2008, more than 253,000 benefit accounts were reviewed and 65% were adjusted. Adjustments uncovered almost $195 million in benefit and credit overpayments.

Validation-related adjustments were also made for individuals and families who were not being issued the full amount of benefits they were entitled to receive. In 2007-2008, adjustments favouring benefit recipients amounted to $81 million."

For more information, see:

http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m04/nr090422-eng.html

Posted by Taxes.ca Editorial Team [permalink]



Copyright 2005-17 TAXES.CA  |  IMPOTS.CA | About Us  |  File Your Taxes  |  Privacy Policy  |  Terms of Use  |  Contact Us