Remember a few posts up when I indicated that the Eligible Educator School Supply Tax Credit had not having received Royal Assent?
Yeah....thats not gone well.
Quote:
'Angry and frustrated' teachers have no idea when they will get their tax refunds
The Canada Revenue Agency (CRA) is holding back approximately 50,000 teachers' tax returns, the agency confirmed with CBC News — all because of a tax credit they claimed for school supplies purchased for their students.
In what's known as the Eligible Educator School Supply Tax Credit, the federal government has upped the maximum rebate teachers can receive from $150 to $250. The problem is, the increase is included in new legislation (Bill C-8) which has yet to be passed in Parliament.
Until the bill becomes law, teachers who applied for the credit won't be getting their tax refund.
"It's not just the tax credit, it's the whole process of any other refund that they have is now being delayed because their returns are being put aside. And that's just not right," said Sam Hammond, the president of the Canadian Teachers Federation. "Some of them need that money."
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https://www.cbc.ca/news/business/tea...turn-1.6433994
The thing is...he's absolutely right.
This is a bigger problem than they are acknowledging.
I have a number of clients who are teachers and I informed them prior to claiming the credit of this problem so they could decide what to do.
What I didnt know at the time was that CRA would not follow their normal path of denying the credit and continuing to process the rest of the return but rather hold up the entire thing.
The problem with that is, if you are banking on the rest of your refund or need your Notice of Assessment for applying for Financing or need the rest of your return processed to determine qualification for other Government Benefits, Credits or Assistance you're not getting any of that either.
So there is a litany of downstream effects being felt here as a consequence.