Notice of Reassessment for 2010
Today I received a Notice of Reassessment regarding the year 2010 indicating that they have adjusted my return to update the taxable amount of dividends other than eligible dividends as indicated on the information slip provided by my employer (T5 $12,750). However, according to the T5 slip I received the amount was $2,125. When comparing amounts to my MS Money file, it seems the net amount of dividends I received ($1,700) from that employer matches the actual amount of dividends indicated on my original T5 slip ($1,700). So I don't know where this extra $10,625 is coming from.
Due to the reassessment, my total income is now $10,000 higher than it was and I am told I have a balance, plus interest, due by the 23rd of February. I already e-mailed the employer requesting them to advise which amount is accurate.
What are my options at this point? I'm not sure what is going on. Who is at fault here?
Due to the reassessment, my total income is now $10,000 higher than it was and I am told I have a balance, plus interest, due by the 23rd of February. I already e-mailed the employer requesting them to advise which amount is accurate.
What are my options at this point? I'm not sure what is going on. Who is at fault here?