- April 8, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Tax Predicament in a Foreign Country
Hello, I find myself in quite a frustrating situation at the moment. Last year, I worked in a foreign country and filed my tax returns for 2022 accordingly. However, about 8 months ago, the CRA requested proof of foreign income tax paid, which I promptly provided.
Unfortunately, recently I received a notice of reassessment for the 2022 tax year, stating that I owe approximately $8000. It appears that the CRA did not receive sufficient proof of the foreign income tax paid. Upon contacting the CRA, I was informed that the documents I had submitted were inadequate, and I needed to respond to the existing case with additional documents.
I inquired about filing a formal objection, but was advised that it was unnecessary. Instead, I was instructed to provide the correct documents to rectify the situation. However, interest continues to accrue on the outstanding balance.
Now as I attempt to file my 2023 taxes, I am faced with a dilemma. The amount owing includes both the incorrect 2022 taxes and the accurate 2023 taxes. Would I be expected to pay the 2023 taxes by the due date while awaiting a review of my 2022 taxes? And would there be any interest charges applied during this process?
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Right now, if you file your 2023 tax return, any refund you might otherwise get will be kept as payment towards your 2022 reassessment owing.
Since you disagree with the 2022 reassessment, you can file a Notice of Objection within 90 days of the date of reassessment. That puts a freeze on action towards repayment of that amount, while CRA reviews your objection (this can take six months). You can go ahead and file 2023 and it would get processed entirely separately.
Provide whatever other evidence you have with your Notice of Objection, and CRA will review. They may also ask you for more information.
If their review results in upholding the existing reassessment, then you have 90 days to file a Notice of Appeal.
If you’re working abroad, just ignore the CRA. You just need to show them that you were out of the country (ie, a copy of your residency card from that foreign country) and leave it at that.