To that end, the CRA has recommended to software developers that when Form T183 is printed or generated from tax software, that the first 5 digits of the SIN be masked. The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Board of The following services will be temporarily unavailable from 11:00 p.m. on Friday, January 6, 2023, until 8:30 a.m. on Monday, January 9, 2023 (Eastern Time): EFILE for Individuals and Trusts (T1 and T3) 613-948-8366cra-arc.media@cra-arc.gc.ca. Please ensure that you review the changes made to the form. Also, taxpayer relief is available if you cant meet your tax obligations because of circumstances beyond your control. The CDE service in Represent a Client was recently enhanced to include CRA-issued COVID-19 benefit debt information. If you need a trust account number, visit our Trust Account Registration online service. To receive updates on what is new at the CRA, you can: Seeing a dental care professional is important not only for oral health, but for overall health. This benefit, which will support an estimated 500,000 children, is available to families without access to private dental insurance and with an adjusted family net income under $90,000. This will allow the CRA to inform taxpayers in real time of changes made to their account. Information slips, including information for COVID-19-related benefits, are also available through the Auto-fill my return service in certified tax filing software. These services will re-open on Monday, February 20, 2023, at 8:30 a.m. (Eastern Time). Users of the EFILE and NETFILE services will be able to file a current year tax return, in addition to returns for the four previous years, instead of just three. Please ensure that you review the changes made to the form. Clients who are already approved don't need to send us a new form every year, unless we ask for one. The OCC clarified this position in Bulletin 2022-4 (See Question #25). Due to the variety of electronic signature solutions available, with each having their own default settings for displaying date and time, electronic filers may need to adjust the document formatting settings within their electronic signature service account to ensure that the date and time are displayed on the electronically signed T183. Also, please sign up for My Account. data. As the CRA public file must be current as of April 1 of each year, banks can use this video to review their public file and ensure they have everything they need. Your client can give you their notice of assessment or the notice of determination that we sent them. the use of standardized metrics as part of CRA evaluation and clarifying eligible CRA activities Did you know that Form T2201, Disability Tax Credit Certificate, along with any supporting documents can be submitted electronically, using the secure Submit Documents tool in the My Account or Represent a Client portals? Your institution's CRA data file will be processed and an Institution Register Summary (IRS) will be sent via e- mail. If you do your banking at a branch office, you can ask to see its CRA file, which . The CRA may call you between April 3, 2023 and May 29, 2023 using an automated telephone message to remind you to file your personal income tax return. Keep in mind that the EFILE suitability screening process may take up to 30 business days. Information Sessions on the Canada Dental Benefit and One-Time Top-up to the Canada Housing Benefit. This year, we are launching a new online course to help you learn about taxes and empower you to do your taxes on your own. Using these tools will help you avoid delays and get your notice of assessment (NOA) and any refund, if applicable, faster. Did you know that you can log in to our secure EFILE web service whenever its convenient for you? Any consolidated annual report must contain all the information required by this paragraph (e). Retaining these certificates of completion will be especially important in the event that the electronically signed copy of the T183 forms do not display the timestamp of the electronic signature. Depending on the adjusted family net income, a tax-free payment of $260, $390, or $650 is available for each eligible child. How do you split your pension income? Get information about best practices and investment opportunities on a broad range of community development topics and access training, workshops and conferences conducted by Community Affairs Officers. Go to What to expect when the Canada Revenue Agency contacts . For example, data for CY 2017 should be reported by March 1, 2018. . A bank shall make available to the public for inspection upon request and at no cost the information required in this section as follows: ( 1) At the main office and, if an interstate bank, at one branch office in each state, all information in the public file; and. Having the information you need on hand to file your return makes the filing process that much easier. Has the CRA changed the definition of an EFILE applicant? We will begin to process your application. For 2021, under proposed legislation, farmers who incur eligible farming expenses of $25,000 or more, which are all or partially attributable to designated provinces, may be able to receive a credit of $1.47 per $1,000 in eligible farming expenses. Topics include the purpose of CRA, An official website of the United States government, OCC Bulletin2021-61 Martin Gruenberg to the National Community Reinvestment Coalition (NCRC), Upcoming Agents are working hard to answer calls as fast as possible to deliver services that Canadians expect from the CRA. This means banks that dutifully modified their CRA public notice and file to comply with the 2020 revisions (which required less information), must yet again update the public notice and file by April 1, 2022 to revert to the pre-2020 requirements. that includes the following information: 1000 Peachtree Street N.E. (1) Banks other than small banks. The EFILE suitability screening process will only begin once you have completed your volunteer registration and submitted your EFILE renewal request. Eligible individuals living in a prescribed northern zone can claim the full amount of these deductions, and those living in a prescribed intermediate zone can claim 50% of these deductions. Below are links that will allow you to review the Act, Foreign reporting transmission web services, such as Forms T1134 and T1135 Doing so will allow you to: To help you plan ahead, we encourage you to sign up for direct deposit and to file online. Reinvestment Act. As a reminder, applicants who have been suitability screened are the only ones permitted to file returns through EFILE software. The Canada Revenue Agency (CRA) offers a Dedicated Telephone Service for small and medium income tax service providers across Canada. What you need to know for the 2022 tax-filing season February 10, 2022 Ottawa, Ontario Canada Revenue Agency Last year, Canadians filed almost 31 million income tax and benefit returns. We are proud to work with you to continue to build on this success story and are grateful for your hard work and dedication as we embark on another filing season. This page will be updated periodically to incorporate changes that may affect you during the tax-filing season. Remember to follow the steps below in order to avoid delays! must include a description of efforts to improve its performance and FDIC's Rules and Regulations, Part If you operate more than one location, remember to complete a separate renewal request for each EFILE number. If your client has to make a payment, do not ask them to send a copy of Form T183 with the payment. If you plan to volunteer at a free tax clinic again this year and wish to transmit returns electronically, you must renew your EFILE account online. To use the service, you must be registered for My Account. Before The Canada Revenue Agency has planned a number of important new changes for the upcoming filing season that are designed to enhance the tax-filing experience and improve the safety and security of our systems. This interim dental benefit is only available for 2 periods. For more information on changing your clients return, go to After you file your tax return - Personal income tax - Canada.ca. The FDICs Technical Assistance Video Program includes educational videos designed to provide bank directors, officers, and employees with useful information about areas of supervisory focus and regulatory changes. Notice of Proposed Rulemaking on Community Reinvestment Act Regulations, Remarks by FDIC Acting Chairman Any other use is prohibited. Due to aggressive automated scraping of FederalRegister.gov and eCFR.gov, programmatic access to these sites is limited to access to our extensive developer APIs. Program, The Community Public Notice A copy of your bank's strategic plan if the bank is evaluated by one. Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund. If you do not respond on time, we may suspend your EFILE privileges. Complete the registration by following the instructions provided and then click Submit. The Federal Deposit Insurance Corporation (FDIC) is an If that is not possible, then for all missing RepIDs on your application, please use the temporary code TEMP001 for the first, and increase it by one for each applicant that does not have a valid RepID (TEMP001, TEMP002, etc.). You will not receive a reply. Linking an applicants RepID to their EFILE number will allow the CRA to further enhance the security of our systems and monitoring processes. Community Volunteer Income Tax Program (CVITP) If you have a modest income, a simple tax situation, and require assistance, a CVITP volunteer may be able to complete and file your tax returns for free. Although there have been changes to the EFILE registration form, the CRA has not changed the definition of an applicant. Tax season is the busiest time for the CRA. The Community Reinvestment Act (CRA), enacted by Congress in 1977 (12 U.S.C. An HMDA disclosure statement of any affiliate mortgage lending Further, the OCC will afford implementation flexibility to national banks and federal savings associations to the extent permitted by the final rule and related CRA guidance (for example, the Interagency Questions and Answers Regarding Community Reinvestment) , including through the application of performance context. The OCC encourages stakeholders to review the proposed rule and provide comments on or before the close of the comment period on August 5, 2022. Prior to the opening of the upcoming EFILE program, the Canada Revenue Agency's (CRA) EFILER Information System will undergo its annual conversion process. Plan ahead, and file your income tax and benefit return as soon as you can. Please ensure you transmit any initial or amended T1 or T3 returns and T1135 forms by the respective dates to avoid having to wait until the new program starts. Eligible educators, regardless of their income level, who buy teaching supplies may qualify for a refundable tax credit of up to $250 each year. Resolving these situations soon will streamline the processing of your adjustment request. If your bank operates in more than one state, it must keep a file at one branch office in each of these states. The Canada Revenue Agencys EFILE, ReFILE and T1135 web services will stop accepting transmissions of your clients initial and amended (T1) personal income tax and benefit returns and T1135 forms for T1 at 11:59 p.m. on Friday, January 27, 2023, (Eastern Time), in order to convert our systems for the next filing season. Note: To preserve your data when installing a newer release of the Data Entry Software, updates should be installed to the same location as the earlier release of the same year (e.g., CRA DES v. 2020 R.2 should be installed to the same location as CRA DES v. 2020). You may have noticed that Forms T183/T183TRUST include a date and timestamp (Year/Month/Day and HH/MM/SS). T4A information slips from the Government of Canada for COVID-19-related benefits will also be provided online if youre registered for My Account and have full access. Having a valid RepID also allows you to use services like Auto-fill my Return or the authorization services through EFILE software. If you or your spouse or common law-partner are self-employed, your payment is still due on April 30, 2022. Linking an applicants EFILE number to their CRA credentials can help reduce the risk of fraud or identity theft as it provides the CRA with the opportunity to verify your identity using additional information it has on file. Please ensure you review the definition of an EFILE applicant linked above. Electronic/content/canadasite/en/revenue-agency/services/forms-publications/forms/t183corp.html signature measures announced in Budget 2021 have not been enacted, and as a result, the CRA is extending its administrative measures for electronic signature on forms: In order for the CRA to accept the use of electronic signatures between third parties for these forms, it is expected that identity verification has been performed by the party receiving the signed form and the electronic signature that is incorporated in, attached to or associated with the form must satisfy the following conditions: a) if the electronic signature is applied to the form in person by the individual, it is applied in the presence of the other party using methods such as a stylus or finger on a tablet; and, b) if the electronic signature is not applied to the form in person by the individual, it is either, i. applied to the form that is then sent to the other party using the electronic address most recently provided to the other party for that purpose; or. Electronic filers should also retain this document together with the electronically signed T183 forms should the CRA request them as part of our monitoring program. If you cannot pay your balance owing, we can work with you on a payment arrangement. Therefore, it is still true that those who prepare returns in the course of their employment should not be listed as applicants unless they otherwise meet the definition of an EFILE applicant. To find out, visit Line 25500 - Places located in prescribed zones. A bank, except a small bank or a bank that was a small bank during the prior calendar year, shall include in its public file the following information pertaining to the bank and its affiliates, if applicable, for each of the prior two calendar years: If you are also a discounter, you do not need to renew your discounter code. information for any branches your bank has opened or closed during the A screenshot from the T3010 Overview page on My Business Account showing the return's progress table. The Canada Dental Benefit will give eligible families up-front, direct payments of up to $650 a year per eligible child under 12 for two years (up to $1,300) to support the costs of dental care services. on LMI communities and underserved rural communities; Tailoring CRA rules and data collection to bank size and business model; and. Seconds after submitting your online renewal request, it will be validated and you will receive a confirmation page. On May 5, 2022, the OCC, the Federal Reserve Board (FRB), and the Federal Deposit Insurance Corporation (FDIC) jointly released a notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA) regulations to better achieve the purpose of the CRA. The CRA will begin receiving applications and processing payments for the benefit starting December 12, 2022. 3 Under the final rule, small banks are banks with assets of less than $1.322 billion as of December 31 of either of the past two calendar years. Our service standard is to issue your NOA within two weeks of receiving your return online. If you operate more than one location, remember to complete a separate renewal request for each EFILE number. through the Community Reinvestment Act: Ensuring Banks Meet the Credit Needs of Their Communities, Statement by Martin J. Gruenberg, Acting Chairman, FDIC The final rule applies to national banks and federal and state savings associations, including community banks, covered by the CRA. the Community Reinvestment Act. 2 Banks include insured federal branches and any federal branch that is uninsured that results from an acquisition described in section 5(a)(8) of the International Banking Act of 1978 (12 USC 3103(a)(8)). The individual tax enquiries line is open Monday to Friday 8am to 8pm, local time, and Saturday 9am to 5pm, local time, except holidays. Assessment Areas Limitations to Assessment Areas: is a Performance Evaluation? Community Volunteer Income Tax Program (CVITP), Income Tax Assistance Volunteer Program. Your email address is required for My Account Effective February 2022, as a fraud prevention initiative, it will be mandatory to provide an email address to access My Account. You must be registered in RAC in order to use this option. The RepID will not be used to track accuracy of tax returns, it is simply an additional mechanism for the CRA to ensure that users of EFILE services have been suitability screened. the official website and that any information you provide is If you are interested in using this service, you are invited to fill out aregistration form. Failure to respond to a CRA request may result in additional return processing delays. We are aware that in some cases it may be difficult to provide a RepID in a timely manner on the form itself. For example, the Public File must include a copy of your most recent Public Evaluation, as well as the disclosure reports regarding your CRA and HMDA data. We encourage you to review the criteria for our suitability screening process and familiarize yourself with the information on these pages before using EFILE. This will allow you to use the following electronic services: The CRA conducts suitability screening each year before electronic filing applicants are permitted to electronically file income tax returns on behalf of their clients. Educator School Supply Tax Credit To support teachers and early childhood educators in Canada, the government proposes to expand and enrich the Eligible Educator School Supply Tax Credit to allow them to claim a 25 per cent refundable tax credit for purchases up to $1,000 on eligible teaching supplies bought during the tax year. CRA Performance Evaluation 2022-02-09. The Be Scam Smart page provides information on the ways in which the CRA may contact you, including by: We also provide information on securing CRA accounts and encourage you to: Canada workers benefit The Canada workers benefit rates and income thresholds have changed for 2021. encrypted and transmitted securely. applied to the form that is then sent to the other party through an access controlled, secured electronic location, such as a secure website, that is accessible to the individual only because the other party has made that location known and granted access to the individual. A paper return was processed by the CRA after your transmission was rejected. Once you have successfully renewed your account, you must update your tax preparation software with yournewly assigned passwordto ensure any future transmissions are successful. Federal government websites often end in .gov or .mil. You can view the comments on the proposed changes to the Community Reinvestment Act here: Submit a comment about an upcoming CRA examination and/or a pending bank Refile, Register for EFILE Client Data Enquiry You can ask to inspect this file, at no charge to you, any time the bank is open. If there are no legal documents designating a representative, you may request to be the deceased person's representative by completing Form RC552, Appointing a Representative for a Deceased Person. Therefore, we ask that you ensure the selection made at line 990 accurately reflects your clients preference. The residency deduction is based on how many days you lived in a prescribed zone during the tax year. If you are a resident of Quebec, register with the Income Tax Assistance Volunteer Program (ITAVP). Form T183 has been revised for the 2023 filing program. A vehicle may still qualify as a zero-emission vehicle if the vehicle was subject to a prior capital cost allowance or terminal loss claim provided that the vehicle was not acquired by the taxpayer on a tax-deferred rollover basis or previously owned or acquired by the taxpayer or a non-arms length person or partnership. You can also view any amended T1 transmissions you have made through the ReFILE service by clicking on the "View ReFILE Service Transmission History" link. Consideration for Activities in Response to the COVID-19, Strategies to Develop Partnerships with Community Development Financial 12. We thank you for your patience in advance. Register for EFILE today and file a T3return electronically as of early March2022. In circumstances where suspicious activity has been noted on a taxpayers account and the file has been flagged for possible review, the Client Data Enquiry (CDE) message Review The CRA may review this taxpayers income tax and benefit return will be displayed. (2005), CRA Strategic Plan Determine if you need to file a tax return and what your tax obligations are, How to report your benefit amounts, issues with tax slips, and payment options, Find out what's new for 2022, key filing and payment dates, what to report and claim, and ways to file your taxes, Find options to pay now, pay a debt over time or if you cannot pay, and how to pay 2023 taxes by instalments, Get your notice of assessment, pay a balance owing, check the status of your refund, make a change to your tax return, Become an authorized representative, register your organization to host a free tax clinic, or volunteer at a tax clinic, Filing and payment due dates for taxes, contributions, instalments, and amounts you may owe, Find out what you need to report as income and where to enter it on your tax return, Find deductions, credits, and expenses to reduce the amount of tax you have to pay, Changes to taxes and improvements to services for individuals and families for the 2022 tax year, Find federal, provincial and territorial tax rates for current and previous tax years, Learn about our tax system, how it works, and why we pay taxes, Report the date of death, access tax records as a representative, file final and estate tax returns, settle the estate.