Quote:
Originally Posted by robaur
I might or might not work with the CRA....and see these kind of cases a lot...
Everyone in this thread thus far is correct. You have 2 options:
1) Back income out of corporation and pay personal taxes. (easy fix)
2) Fight with your employer to amend the T4A. (harder fix)
As stated above...If employer doesn't amend T4A and you fail to report it as income....you will be red-flagged and have to pay heavy penalties for misreporting income ....CRA doesn't take that lightly and the onus really is placed on the employer and employee to sort matters like these on their own and understand their tax filing obligations.
Lastly, I would seriously consider having a heated discussion with the accountant for Remax. Obviously a stupid mistake.
Also....if you called CRA...they would tell you to take it up with your employer and if it doesn't get resolved then u can file a formal complaint....u don't want to go down this route as it would take months to resolve and possibly sour your relations.
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Thank you for the insight (everyone)
It was of no fault to our office accountant.... I didnt follow through like I should have when everything from office A was transferred to office B.