Why would CRA send me a Statement of Account?

The CRA sends Statements of Account to notify taxpayers of account balances, changes, or required actions. A Statement of Account from the Canada Revenue Agency (CRA) serves as an official record of your tax account status. The CRA typically issues these statements for several important reasons: You have an outstanding balance on your tax account Recent account adjustments have been made to your return Interest or penalties have been assessed Changes to your tax credits or benefits have occurred A payment schedule needs to be established It's important to review your Statement of Account carefully and respond to any requests for action to maintain good standing with the CRA.

CRA Statement of Account: Understand Balances & Actions

The CRA sends Statements of Account to notify taxpayers of account balances, changes, or required actions.

A Statement of Account from the Canada Revenue Agency (CRA) serves as an official record of your tax account status. The CRA typically issues these statements for several important reasons:

You have an outstanding balance on your tax account
Recent account adjustments have been made to your return
Interest or penalties have been assessed
Changes to your tax credits or benefits have occurred
A payment schedule needs to be established

It’s important to review your Statement of Account carefully and respond to any requests for action to maintain good standing with the CRA.