Serbinski Accounting Firms

Thank you for the reply. Mm, I only have the records since 2005. The credit first appeared on a statement of account in 2006 when CRA sent this notice: "We have transferred a credit of $x to your account. Please reduce your next remittance accordingly. The credit $x was a result of a T4 slip be...

Our company in Canada received a cheque from CRA for unused credit on the statement of account for current source deductions. The credit is due to excessive remittance from a previous year. This credit was not included on the balance sheet before. How should it be accounted for on the income stateme...