Income Tax Objection
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Do you disagree with your notice of assessment and wish to object? Every year in Quebec, individuals and businesses receive a notice of assessment after submitting their income tax returns. This notice announces the amounts to be paid to the tax authorities as well as the eligible credits.
In some cases, the government may refuse to accept the credits claimed or the expenses declared. This changes the expected return or increases the amount of tax you must pay. If you do not agree with this notice, there are things you can do! You have the right to file an income tax objection and request a new review of your file.
Our tax specialists and chartered professional accountants will help you assert your rights and find a fair resolution to your tax case. The professionals at EB Conseil Fiscal Inc. offer you their accounting services to build a solid file and support you throughout your objection process!
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Income Tax Objection
Filing an Income Tax Objection
According to the Income Tax Act, the objection procedure is admissible in Quebec and Canada for any individual or corporation that pays taxes. If you disagree with your notice of assessment or determination, you can request a new examination of your GST-QST or income tax return. This objection can be made to Revenue Canada, Revenu Québec, or both. You can then discuss your file with a government auditor and correct any errors.
To assert your right to tax dispute, and possibly appeal, you must file an objection within the specified time limit. You have 90 days to file an objection after receiving the notice of tax assessment. Note that this can be a lengthy process! Sometimes the government will acknowledge receipt 6 months to a year after it is sent. In the meantime, interest and penalties continue to accumulate on the amount owed. It is therefore advisable to pay the amount of your taxes owed while waiting for the decision. As for taxes, you are required to pay them even if there is an objection.
Income Tax Objection
What You Need to Do
If you disagree with your notice of assessment or determination, the first step is to contact the person responsible for your notice. The caseworker will be able to provide you with further explanation of the notice you received. This step will help clarify the situation and help you decide whether it is necessary to initiate an income tax objection process.
First, make sure you gather together the necessary documents to prepare your case. This will save you time in the process, and you will be ready to respond to the auditors’ requests. This is where our tax specialists and certified professional accountants come in. Depending on the information you have, our team will take over your file and guide you on the steps to follow.
In the event of an objection, you could have a cancellation or reduction of the amount assessed or determined. Our experts can, for example, prove that the agent’s verification method is not consistent in your case. We will request access to the documents that supported the officer’s decision. After analyzing these documents, if we come to a different conclusion, we can ask for a cancellation or reduction of the assessment.
Alternatively, we may seek a reduction in interest and penalties. Our professionals will consider the best way to file an objection after reviewing your file. Once the request is submitted, the tax authorities have three years to issue a notice of assessment.
Once the Canada Revenue Agency (CRA) or Revenu Québec has made a decision, it is final. However, you may appeal to the Court of Quebec or the Tax Court of Canada. You have 90 days to appeal the decision on your Notice of Objection.
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Expert Assistance in the Event of an Income Tax Objection
Our specialists will support you in the event of an objection, investigation, or audit by the tax authorities.
Throughout the process, we guide you through the steps and deadlines to be followed. From filing a solid notice of objection to representing you in front of the authorities, we are there for you. Our tax specialists and chartered professional accountants will help you enforce your rights and find a resolution to your income tax objection.