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]
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