In Canada, the government agency that handles tax-related concerns is the Canada Revenue Agency. It is where you file your taxes as well as other related tasks like same day tax refund online. It is serious in addressing taxpayer debt. In order to handle taxpayer debt, CRA closely monitors unpaid amounts, which may be settled using tax refunds. Even if you have a payment plan in place, get in touch with the CRA immediately to discuss your options if repaying your debt puts you in serious financial trouble.
Your notice of assessment and any refund will be sent by the CRA within:
- For online filing, it takes two weeks.
- When filing a paper return, you have eight weeks.
- When filing a non-resident return, you have 16 weeks.
Why your reimbursement hasn’t arrived
Your refund may be retained in full or in part by the CRA if you have:
- An amount that is due (or still due)
- A Family Orders and Agreements Enforcement Assistance Act garnishment ordersome other unpaid debts owed to the federal, provincial, or territorial governments. A perfect example is student loans and immigration loans.
How to check the status of your refund?
Checking the status of your refund can be done easily online. My account dashboard allows you to access your tax return information in just a few clicks. However, you have to keep in mind of the timeframe. For those residing in Canada, you have to wait at least eight weeks before contacting CRA. For those residing outside Canada, the timeframe is 16 weeks. Once you receive the refund, you can transfer it to an installment account. This option comes in handy if you file your tax return online. If you do this via paper, make sure you do not forget to attach a note informing the CRA of your preference. The entire amount of your refund will be transferred straight to your installment account by the CRA. It will be applied to any outstanding balance on your tax return.
