Any accountants on here? Tax question

Murray20c8

Murray20c8

Alrighty then
Staff member
Power User
Moderator
You're 5 You're Liked Completionist Award You're a Regular CreditBags Seriously Rich
Messages
11,931
Reaction score
14,638
VetteCoins
277,416
Car
Little red 2020 C8
Province
ON
I did my taxes yesterday and for some stupid reason CRA charged me $2.35 for Interest.
MY balance in April last year was $0.00 after I got a refund. Today when I logged in to check my assessment it shows and additional charge for interest! Also the date is May 8th 2025!! It should be April 29th.
Am I in some alternate universe? LOL. I owe this year but it says I have until May 28th to pay! Is CRA screwed up again? I was wondering if I missed something. I checked my account transactions and there was no balance owing up till now.
 
Murray20c8 said:
I did my taxes yesterday and for some stupid reason CRA charged me $2.35 for Interest.
MY balance in April last year was $0.00 after I got a refund. Today when I logged in to check my assessment it shows and additional charge for interest! Also the date is May 8th 2025!! It should be April 29th.
Am I in some alternate universe? LOL. I owe this year but it says I have until May 28th to pay! Is CRA screwed up again? I was wondering if I missed something. I checked my account transactions and there was no balance owing up till now.
Click to expand...
"Again." when has CRA not been screwed up? If you have 6 hours to kill for $2.35, phone them and ask why there is an interest charge
 
Rruuff Day said:
"Again." when has CRA not been screwed up? If you have 6 hours to kill for $2.35, phone them and ask why there is an interest charge
Click to expand...
I did phone them.
"All their agents are busy. Call back later"! LOL. I just want to be accurate. I couldn't care less about the 2.35.
What am I missing? Is there some outstanding balance I am unaware of? Do they charge interest on unpaid balances after April 30th?
Should I pay it and then next year wonder how Ufile got it wrong or should I ignore it as a mistake and risk CRA charging me $.05 interest per month on the 2.35? lol
 
Murray20c8 said:
I did phone them.
"All their agents are busy. Call back later"! LOL. I just want to be accurate. I couldn't care less about the 2.35.
What am I missing? Is there some outstanding balance I am unaware of? Do they charge interest on unpaid balances after April 30th?
Should I pay it and then next year wonder how Ufile got it wrong or should I ignore it as a mistake and risk CRA charging me $.05 interest per month on the 2.35? lol
Click to expand...
Do they not offer to call you back after they have dealt with the previous 3 million callers?
 
Rruuff Day said:
Do they not offer to call you back after they have dealt with the previous 3 million callers?
Click to expand...
Nope. I thought they'd at least put me in the queue. I think if the queue is too long they just tell you to screw off, er, I mean call back. They did show a wait time when I looked this morning. Now it says it's not available. The Online Chat also has no agents available. Busy time of year I guess.
I did find an interesting post on reddit saying that Netfile assessments are done days later (May 8 I suppose), but the posted assessment that I read I guess was just what I sent them. 🤷‍♂️
Still trying to figure out why I owe them anything. Maybe I'll wait until May 8th and see what it says then. I have until the end of May to pay.
 
Your return must have an owed amount. The May 8th is when one has to pay any balance owing from ones return; hence the interest charge from April 30 to May 8. If you make a payment today, no interest will be charged. They are just 'planning' ahead;)
 
rhc7gc6 said:
Your return must have an owed amount. The May 8th is when one has to pay any balance owing from ones return; hence the interest charge from April 30 to May 8. If you make a payment today, no interest will be charged. They are just 'planning' ahead;)
Click to expand...
Scum bags! They never did that before. Damn Liberals! ;)
 
Murray20c8 said:
I did my taxes yesterday and for some stupid reason CRA charged me $2.35 for Interest.
MY balance in April last year was $0.00 after I got a refund. Today when I logged in to check my assessment it shows and additional charge for interest! Also the date is May 8th 2025!! It should be April 29th.
Am I in some alternate universe? LOL. I owe this year but it says I have until May 28th to pay! Is CRA screwed up again? I was wondering if I missed something. I checked my account transactions and there was no balance owing up till now.
Click to expand...
I do not know whether you have to pay quarterly installments or not? If you do then when you pay them you must ensure that the payment goes to your installment account and not your general tax account. In other words you have two tax accounts. If the payments get mixed up you could end up with interest charges for one or the other for late payment. Are you confused yet - LOL.
 
Murray20c8 said:
I did my taxes yesterday and for some stupid reason CRA charged me $2.35 for Interest.
MY balance in April last year was $0.00 after I got a refund. Today when I logged in to check my assessment it shows and additional charge for interest! Also the date is May 8th 2025!! It should be April 29th.
Am I in some alternate universe? LOL. I owe this year but it says I have until May 28th to pay! Is CRA screwed up again? I was wondering if I missed something. I checked my account transactions and there was no balance owing up till now.
Click to expand...
Yes, as always they are screwed up big time. Take for example the 67% capital gain tax, never passed. CRA still ordered accountants to collect it. I told my accountant I would not pay and be late if need be. Lo and behold, it was finally withdrawn. Now, anyone with a capital gain, does not have to file until June2, 2025, most don't know this. I told my accountant, why didn't you let me know, I could have stayed in Florida two more weeks, ha!
Dealing with their people is a nightmare. We just went through a year of hell with them over a very small amount. In the end, the letter they originally sent, was totally differnt from their end solution, which was to pay. (already did, so no refund) Not worth the time and effort spent. So Murray, don't fight with them over your $2.35 charge.
 
JCWP said:
I do not know whether you have to pay quarterly installments or not? If you do then when you pay them you must ensure that the payment goes to your installment account and not your general tax account. In other words you have two tax accounts. If the payments get mixed up you could end up with interest charges for one or the other for late payment. Are you confused yet - LOL.
Click to expand...
I owed nothing. I've always paid on time when I did owe. I never had to pay installments because I have never owed the 10K(? whatever the number is) required to pay installments. Anyway, I paid what Ufile told me to pay last night. Before May! I have until the 28th to pay the $2.35 so I'll see what happens by then.
 
AxeZ06 said:
If you don't owe the government, the bank, the corner store, a relative, or a friend any money...........why would you give them any?
FIGHT IT, regardless of the amount.
Imagine the cra doing this to several hundred thousand, or more taxpayers?
Click to expand...
Just doing their part to lower the deficit. LOL
 
Murray20c8 said:
I did my taxes yesterday and for some stupid reason CRA charged me $2.35 for Interest.
MY balance in April last year was $0.00 after I got a refund. Today when I logged in to check my assessment it shows and additional charge for interest! Also the date is May 8th 2025!! It should be April 29th.
Am I in some alternate universe? LOL. I owe this year but it says I have until May 28th to pay! Is CRA screwed up again? I was wondering if I missed something. I checked my account transactions and there was no balance owing up till now.
Click to expand...
At least you didn’t wait till the last minute, lol. I filed on March 26 and logged into my CRA account yesterday and it says they expect to have it completed by the end of June ! It took them almost 3 years to update my RSP contribution amount which I no longer contribute to. My TFSA contribution room hasn’t been correct for about 5 years. Seriously. I would say just file and forget about it. Good luck. In the meantime sit back and enjoy some music while you are on hold .
IMG_3940.webp
 
AxeZ06 said:
If you don't owe the government, the bank, the corner store, a relative, or a friend any money...........why would you give them any?
FIGHT IT, regardless of the amount.
Imagine the cra doing this to several hundred thousand, or more taxpayers?
Click to expand...
More like several million…….
 
Murray20c8 said:
Update:
I complained and they either agreed and reversed it or because I paid on time they reversed it. Either way I no longer owe the $2.35.
Victory!!!!
Murray 1
CRA 0
lol
Click to expand...
I guess you made your point. If your time was worth anything, you're likely $50 in the hole though... lol...
 
Rruuff Day said:
I guess you made your point. If your time was worth anything, you're likely $50 in the hole though... lol...
Click to expand...
It took all of 2 minutes through their web site to lodge the complaint. Plus if my time is worth money then I'm not being paid enough around here! ;)
 

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top