Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 11, 2024 1:51:36 PM

Only received around half of the estimated amount that turbotax had told me. In the years I've done this nothing like this has ever happened?

Nothing has changed from last year, I have not accepted any new money from the Gov, not made any bills or purchased anything I owe on. I went through and found a few others complaining but a few of them owed money on things, I don't owe anything.

0 1 1095
1 Replies
Moderator
Mar 11, 2024 1:53:14 PM

While it can be frustrating, it’s common for the Canada Revenue Agency (CRA) to make a tax return assessment that is different from yours. 

 

The reasons for these discrepancies may vary, and can range from very simple (typo or data entry error, forgotten slip, receipt, amount, etc) to complex (carry-forward amounts not included, accounting errors, etc).

 

In most cases, the CRA will explain how they calculated your tax refund or balance owing, and you can find this information on your Notice of Assessment (NOA), under the heading Explanation of changes and other important information. Compare the line numbers on your NOA and their corresponding values with those entered into TurboTax.