You asked, we answered!
We’ve had a lot of clients recently call about notice of assessments and their RRSP deduction limit, who didn’t realize they can access these online anytime! They were surprised to know that this information is available to them anytime, along with other important tax info related to your return, refund, and more. Of course we are more than happy to help with these questions- but also wanted to give you information on how you can access this online, any day at any time!
CRA has an online Login portal that you can access through their website called “My Account”. According to their website, “My Account is a secure portal that lets you view your personal income tax and benefit information and manage your tax affairs online.”
To create your online account, simply go to “My Account for Individuals”.
Once here, you can sign in with two different options. 1. Using the same login information you use for other online services (they have a list of sign in partners you can choose from to make this easy). Or, 2. Login with a CRA user ID & password, or register.
With “My Account” you are able to:
- Receive email notifications & updates from CRA
- Track your refund
- View status of your tax return
- View notice of assessment or reassessment
- View your RRSP limit
- View TFSA contribution room
- Set up direct deposit
- Make a payment
- And more…
For more information regarding “My Account” through CRA, check out the About page on the CRA website or ask us at Cahill CPA.