What Is A Statement Of Account Cra

what is a statement of account cra

Understanding A Statement of Account CRA: A Comprehensive Guide via Website, Mobile App, and Call Centre

**Introduction**

Bearing the complexity of tax-related matters, Canadians often find it challenging to understand their Statement of Account from the Canada Revenue Agency (CRA). Navigating this critical document is essential to stay current with your taxes and avoid potential penalties. This article offers a thorough overview of a Statement of Account CRA and provides guides to access it through a website, mobile app, and call centre.

What is a Statement of Account CRA?

A Statement of Account CRA is a document provided by the Canada Revenue Agency that details your tax account transactions. It includes all pertinent information about your current tax payments and outstanding balances, any interest that may have accumulated, your payment deadlines, and any benefits and credits. Also, the Statement keeps a record of your payment history, making it essential for your financial records.

Accessing Statement of Account via CRA Website

Navigating the CRA website to access your Statement of Account can seem daunting. However, the process is fairly straightforward with these steps:

  • Visit the CRA website and click on 'My Account.'
  • Enter your CRA user ID and password. If you don't have an account, you will need to create one by clicking 'Register.'
  • Once logged in, select 'View Mail' from the menu options.
  • In 'View Mail', you can find your Statement of Account listed among other documents.

Accessing Statement of Account via CRA Mobile App

The CRA mobile app provides an easy and convenient way to access your Statement of Account. Follow these steps:

  • Download the 'MyCRA' mobile app from either Google Play Store or the Apple App Store.
  • Open the app, log in using your CRA My Account credentials.
  • Select 'Accounts and payments tab' from the main menu.
  • You will find your Statement of Account under 'Your statement of account.'

Accessing Statement of Account via CRA Call Centre

If you prefer to engage in verbal communication to understand operative nuances, the CRA call centre is a reliable guide. Follow these steps:

  • Call the toll-free number: 1-800-959-8281 for individual concerns or 1-800-959-5525 for business-related inquiries.
  • After the automated voice response, select the option relevant to your Statement of Account.
  • Have your Social Insurance Number (SIN) or Business Number (BN) ready for identification.
  • A CRA agent will guide you through your Statement of Account details. If necessary, they can also mail a printed copy.

Conclusion

A Statement of Account CRA is an imperative document that every taxpayer should understand and periodically check. Whether through the CRA website, MyCRA mobile app, or the call centre, ensuring one's tax commitments are met is the cornerstone to a strict financial discipline. Remember, it is your right and responsibility to understand and handle your tax affairs dutifully.