Code 826 CRA Meaning and Implications

If you see CRA code 826 on your Notice of Assessment or in your CRA account, it usually means the Canada Revenue Agency redirected some or all of your tax refund to pay an outstanding debt. This does not automatically mean there is a problem with your tax return. In most cases, the CRA has […]

Why Is My Tax Refund Taking So Long? 

Waiting for a tax refund can be frustrating, especially when you’re expecting the money for bills, savings, or other financial goals. In many cases, a CRA refund delay is caused by processing reviews, missing information, filing errors, or outstanding balances with the government. While some delays are resolved quickly, others may require additional action from […]

Code 898 CRA Meaning Guide

If you’ve noticed CRA code 898 on your CRA account or Notice of Assessment, it usually means the Canada Revenue Agency has redirected some or all of a payment that would have been issued to you and applied it toward an outstanding balance. This often relates to government debts, tax balances, or benefit overpayments, much […]

Record Keeping Requirements for CRA 

Proper record keeping is one of the most important responsibilities for any business owner in Canada. The CRA requires businesses to maintain accurate financial records that support income, expenses, tax filings, payroll, and other business activities. Poor record keeping can lead to audit problems, denied deductions, penalties, and unnecessary stress during tax season.  Quick Guide […]

Code 570 CRA Meaning and Next Steps

If you’ve seen CRA code 570 on your CRA account, it usually means the Canada Revenue Agency needs additional time to verify information before completing the assessment of your return. This does not automatically mean there is an error on your return or that you’re being audited. In many cases, the review is routine and […]

Can CRA Freeze Your Bank Account?

Yes, the CRA can legally freeze your bank account under certain circumstances, usually when significant tax debt remains unpaid and previous collection efforts have been ignored. While a CRA bank account freeze can be stressful, it does not happen without warning in most cases. Understanding why it happens and what steps you can take can […]

What Does CRA Code 971 Mean?

If you’ve noticed CRA code 971 on your account, it generally means the Canada Revenue Agency has generated an account notice, adjustment, review request, or other communication that requires your attention. Unlike some CRA codes that directly affect refunds or balances owing, CRA code 971 meaning is often tied to a notice being issued rather […]

Do I Need a Business Number (BN) in Canada?

A Business Number (BN) is a unique 9-digit identifier assigned by the CRA to businesses in Canada. Not every business needs one immediately, but many businesses will require a CRA Business Number once they register for GST/HST, payroll, import/export accounts, or certain corporate tax accounts.  Situation Need a Business Number? Sole proprietor with no GST/HST […]

What Does Code AC-14 Mean From CRA? 

If you’ve noticed CRA code AC-14 on your account, you’re probably wondering whether it indicates a problem with your tax return, refund, or benefits. In most situations, CRA code AC-14 meaning is related to account-level verification or administrative review rather than a tax calculation issue. The exact reason can vary, which is why it’s important […]

Late Tax Filing in Canada | What Happens Immediately 

If you don’t file your taxes in Canada, the impact depends on one key factor: whether you owe money or not. If you owe taxes, penalties and interest start adding up quickly. Understanding penalties for late filing can help you see how quickly these costs grow. If you don’t owe, you won’t face penalties but […]