{"id":116,"date":"2025-08-28T01:27:00","date_gmt":"2025-08-28T01:27:00","guid":{"rendered":"https:\/\/myinformernews.com\/canada\/?p=116"},"modified":"2026-08-25T08:04:26","modified_gmt":"2026-08-25T08:04:26","slug":"why-would-cra-send-meastatementofaccount","status":"publish","type":"post","link":"https:\/\/myinformernews.com\/canada\/why-would-cra-send-meastatementofaccount\/","title":{"rendered":"Why Would CRA Send Me a Statement of Account"},"content":{"rendered":"\n

The Canada Revenue Agency (CRA) issues a Statement of Account<\/strong> to keep taxpayers updated on their balances, payments, and transactions. <\/p>\n\n\n\n

If you are asking, why would CRA send me a statement of account<\/strong>, the answer is simple: it provides you with an official record of all charges, credits, and payments linked to your account. <\/p>\n\n\n\n

This document ensures accuracy, supports financial reporting, and can be required by lenders or other institutions.<\/p>\n\n\n\n

Why Would CRA Send Me a Statement of Account<\/h2>\n\n\n\n

The CRA may send you this document for several reasons:<\/p>\n\n\n\n

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  1. To confirm payments<\/strong> \u2013 It shows that your payments were received and applied correctly.
    <\/li>\n\n\n\n
  2. To list transactions<\/strong> \u2013 It records all activity, including instalments, reassessments, and transfers.
    <\/li>\n\n\n\n
  3. To provide accurate balances<\/strong> \u2013 It displays what you currently owe or if your account is at zero.
    <\/li>\n\n\n\n
  4. To assist lenders<\/strong> \u2013 If your Notice of Assessment shows a debit balance, lenders often require your Statement of Account to verify that taxes have been paid.
    <\/li>\n\n\n\n
  5. To fulfill a request<\/strong> \u2013 You or your representative may have requested a customized statement for a specific time frame.
    <\/li>\n<\/ol>\n\n\n\n

    What is a CRA Statement of Account?<\/h2>\n\n\n\n

    A Statement of Account is an official document from the CRA that summarizes:<\/p>\n\n\n\n