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l0v319
New Member

How come turbo tax has calculated my sons refund to be much higher than what the cra has recalculated it to be? felt its very un fair

I just filed our joint tax return and according to turbo tax, we had a much lower "owing balance" than what the cra has billed us for ??? feeling confused
1 Reply

How come turbo tax has calculated my sons refund to be much higher than what the cra has recalculated it to be? felt its very un fair

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.