What Is Statement Of Account Cra

what is statement of account cra

Understanding the Statement of Account: A Guide for Canadian Citizens

The Canada Revenue Agency (CRA) plays a crucial role in tax collection and management of various registered savings plans on behalf of the Canadian government. In this article, we delve into the meaning of a Statement of Account from CRA and provide step-by-step guides on how to acquire this statement through different platforms: the CRA's official website, mobile app, or via the call centre.

What is a Statement of Account CRA?

A Statement of Account from the CRA is a comprehensive document that outlines your tax details. It contains information such as your tax account balance, recent activity, payment history, and refund amounts.

Acquiring your Statement of Account Through CRA's Official Website

This method is perhaps the most utilized due to its convenience. Here is a step-by-step guide on how to navigate this option:

  • Visit the CRA’s official website and locate the 'My account' section..
  • Create an account or log in if you already have an account.
  • Select the 'Tax returns' tab, then the 'View returns and notices of assessment' option.
  • On the page that loads, locate the 'Statement of Account' link and click on it to view your Statement.

Accessing your Statement of Account Through CRA's Mobile App

For tech-savvy citizens who want their tax information on-the-go, the CRA offers a mobile app called 'MyCRA'. Here's how to fetch your statement through this method:

  • Download the 'MyCRA' app from either the Google Play Store (for Android devices) or the App Store (for iPhones).
  • Create an account or log in if you already have one.
  • On the app's dashboard, scroll to the 'Accounts and payments' section and select 'Statement of Account.'
  • Your Statement will be displayed on your mobile device.

Requesting for your Statement of Account Via CRA's Call Centre

If you're someone who prefers person-to-person communication or does not have access to internet connectivity, you can still obtain your statement by calling the CRA. Here are the steps to follow:

  • Dial 1-800-959-8281, which is CRA's Individual tax enquiries line.
  • Follow the prompts to speak to an agent.
  • Request for your 'Statement of Account'.
  • The agent will guide you through a verification process, after which they will mail your Statement to the address they have on file.

In Conclusion, obtaining your CRA Statement of Account has been simplified for Canadians, irrespective of their technological prowess or preference. By leveraging the options available on the website, mobile app, or call centre, you can quickly and conveniently stay updated with your tax information.