People who just filed or haven’t yet filed their 2019 tax returns are getting letters from government agencies, looking for money.
Professional tax preparer Astrid Schmidt says those agencies are looking for the money you got from your GST, Trillium and child tax benefits. They’re calculated on your 2018 return for July, August and September, because the workers issuing the letters weren’t back on the job until July.
“Now the time is up,” Schmidt explains. “If people have not filed their 2019 return or it’s still in process, the government wants that estimated money back as an overpayment.”
“As soon as the taxes have been filed, they will reverse all this and you don’t owe nothing or a small adjustment, which also will be clawed back later, or reimburse to you.”
All that will take about a month after filing, while your return is processed.