Filing your income taxes every year might not be fun, but it provides the opportunity for you to take advantage of various benefits and deductions if you’re eligible.
Unfortunately, many Canadians don’t use their income tax filing to their advantage and often leave a lot of money on the table. In fact, many Canadians have unclaimed cheques sitting in their accounts.
If you believe that you missed out on potential refunds over previous years, it’s not too late to claim them. A service like Canada Tax Reviews may be able to help.
Who Is Canada Tax Reviews?
Canada Tax Reviews is a private tax refund company headquartered in Vaughan, Ontario. Their goal is to use their innovative technology to recover hundreds of tax benefits, grants, and unclaimed credits for Canadians.
You may consider using this type of service to help you take advantage of all the tax benefits and grants that are available based on your eligibility, as well as to uncover any errors or credits that you didn’t claim.
Note: Canada Tax Reviews is not a government agency.
What Do They Offer?
The main goal of Canada Tax Reviews is to help Canadian taxpayers find out if any benefits or refunds were previously missed.
Tax Reviews
Canada Tax Reviews’ main service is reviewing Canadians’ taxes to determine if any benefits or refund opportunities were missed on previous tax returns. If refund opportunities are discovered, Canada Tax Reviews will file an amendment on your behalf so you get the money you’re entitled to from the Canada Revenue Agency (CRA).
The tax review process includes the following:
- Determining your eligibility for refunds or benefits
- Applying for these benefits
- Filing your taxes
How Does It Work?
To use Canada Tax Reviews, you’ll need to fill out an application form to get the tax review process started. The application process requires the following information from you:
- Full name
- Email address
- Phone number
- Social Insurance Number (SIN)
Canada Tax Reviews needs your SIN to authorize them to access your CRA file and find refund opportunities available to you. Once Canada Tax Reviews has the information needed to start the process, their team of tax specialists will review your last 10 years of tax returns.
How much will you get back?
On average, clients have received refunds of around $3,000. Overall, Canada Tax Reviews has recovered over $50 million of unclaimed benefits for their clients.
Who can use these services?
Anyone who pays taxes in Canada and believes they’re eligible for refunds or benefits can use Canada Tax Reviews.
Cost Of Using Canada Tax Reviews
As is the case with any other service, it’s important that you understand the cost of using Canada Tax Reviews.
According to the company’s website, you only pay Canada Tax Reviews if they find previously undiscovered tax refunds or unclaimed benefits. If you’re not entitled to any refunds from the CRA, you don’t have to pay Canada Tax Reviews.
If they find any unclaimed money for you, they’ll take a 33% cut on the first $25,000 refunded to you. Similalrly, if you’re entitled to a larger refund, the fee is based on a sliding scale of 10%.
Be sure to read the fine print on any agreement you make with the company before proceeding so that you fully understand any potential fees charged.
What Do Customers Say About Canada Tax Reviews?
Before using any type of service, including tax refund services, it’s helpful to see what the online reviews and ratings look like:
Other Services Offered
In addition to helping taxpayers recover unclaimed and refunds, Canada Tax Reviews also offers the following services:
Tax Filing
The team at Canada Tax Reviews offers personal income tax filing services. This includes filing for the current tax year and an analysis of the previous 10 years of tax filings to see if there were any oversights.
Debt Solutions
If you’re struggling with managing your debt, Canada Tax Review may be able to help. Their team of experts will conduct a thorough assessment of your finances and review any problems you may be dealing with. Based on your situation, they’ll come up with realistic solutions to your debt issues.
Final Thoughts
If you feel that you did not claim certain benefits or made all the deductions you’re eligible for on your tax returns over the past 10 years, it’s not too late to recover them. Canada Tax Reviews may be able to help you recover previously unclaimed refunds and benefits and put a little more money back in your pocket. Just be sure you understand exactly what their services entail and how much they charge
