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A little help to confirm my accountant is handling this appropriately.
I consulted for a company in 2020 and they filed a T4A under my personal name as income instead of under my corporation (under which the contract and invoices name as the payee and the bank deposits are all into my corp and non-personal account).
Now my personal income taxes are $15,000 higher than they ought to be. I've email the company requesting a correction but haven't heard back and doubt I will.
My accountant is suggesting I pay the instalments on this excess and incorrect personal income tax and correct it later, but I find it hard to believe he cannot directly contact the CRA on my behalf with all of my supporting documents and have this corrected.
Can someone advise as best to handle this so that I'm not unnecessarily paying 5-figures in extra tax?
Thanks.
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- 3 years ago
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