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cra question

Hi I filed a CP and it was excepted in April/10 My question is cra was included in it for owed taxes 2006-2008. Now will cra keep the 2009 refund and apply it to the outstanding balance?

Posted from: Ontario

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One Response to “cra question”

A licensed trustee said...

That is correct. If you filed after January 1 of 2010 (and it sounds like you filed around Feb 24) then your 2009 taxes become part of your proposal. If you had owed money the debt would have been added to your existing debt and wiped out. Unfortunately because you were entitles to a refund CRA had the right to apply the refund to your debt.

You are no worse off – if you hadn’t filed the proposal CRA still would have taken your refund since you owed them money…