Were You Mailed a Statement of Financial Position from the CRA?

Were You Mailed a Statement of Financial Position from the CRA?
Canada Revenue Agency Statement of Financial Position Letter Sent in Mail

The following Statement of Financial Position was mailed by the Canada Revenue Agency to some individual tax payers and some business owners. If you receive one of these forms call us immediately. It may be a part of your income and expense statement. We may be able to help you. DO NOT SIGN IT AND MAIL IT BACK BEFORE CALLING US.

Vehicle loan ………………………. ……………

Vehicle loan ………………………. ……………

Vehicle loan ………………………. ……………

Credit cards ………………………. ……………

Line of credit ……………………… ……………

Personal loan ………………………. ……………
Other liabilities …………………… ……………

Total liabilities …………………… $……………
Net worth (assets minus liabilities) $……………

If you own rental property, list names and telephone numbers of tenants:

…………………… ……………………

Please provide copies of receipts and bills to support your figures. Items listed will be subject to verification.

I …………………… I acknowledge that I owe the Canada Revenue Agency (CRA} under the the Excise Tax Act, the sum of $54,324,87 as of December 13, 2013 for the tax year 02-28-2009 through to 08-31-2010.

I promise to pay the monthly amount of $………….. until the outstanding debt is paid in full. The first payment will be payable on ………………. by cheque drawn from ……………….. In the event of future assessments, the present payment schedule will be modified to take into account any increase in the outstanding debt owed. I will also advise the CRA of any change in:my financial situation.

Signature of the taxpayer: …………………… Date: ……………………

Accountant’s name: …………………… Accountant’s telephone number: ……………………
Letter of consent on file: Yes No .
Supporting documents included? Yes No
Please send or deliver the completed form with supporting

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