Here is a Tuesday Quickie for you, I have pointed this one out a few times, but my Theory has been proven:
Whenever you have a major change in your life that causes a change in your tax status, the CRA will ask for you to send receipts to verify it (i.e. a Review not an audit).
A simple theory, but it has been proven countless times for me:
- Each time one of my kids started at University, either I or my child was asked to supply T2202A forms from the school.
- When they moved from residence to a rental off campus, receipts for the rental
- When I claimed my son’s school fees as a medical expense.
- My middle daughter has just started a Chiropractic College, and the tuition fees are MUCH higher, thus the CRA wants receipts.
It’s not a big thing, and fairly easy to remedy, just keep this in mind, and keep those receipts.