Your task is to draw a process flow or process map diagram of the process for the following:
-Requesting a personal Tax Refund ( Non-Canadian residents):
– Filing a tax refund from the CRA is the process of submitting one’s personal income tax return, then requesting a refund if you have overpaid your taxes. An individual would be owed tax refunds by the CRA if their benefits, credits or deductions exceed their amount payable in taxes.When an individual files their taxes, factors such as medical expenses, child benefits, disability tax credits, charitable donations, caregiver credits, withheld taxes etc. may make them eligible for tax refund after their Income tax payable is assessed against their benefits by the CRA.
– Steps involved:
1. Determining one’s eligibility to submit a personal income tax return for Canada. Ensuring one has a Canadian-source income that qualifies for Income Tax return and additional benefits such as deductions and refunds.
2. Determining one’s residency status. Confirming one’s residency status as a non resident. Different statuses might have different tax obligations.
3. Selecting a method of filing one’s tax refund as allowed by the CRA. Only through paper (mail) for non-residents.
4. Gathering necessary documents and information such as income slips, receipts and forms for refund one intends to claim
5. Completing the required forms for the income tax returns such as the Form 5013-R and tax refunds such as Form NR7-R for incorrectly withheld Part XIII Tax.
6. Finding the appropriate tax centre address to mail one’s forms to as specified by the CRA and also choosing a reliable mailing company to use.
7. Regularly checking one’s CRA account within the first 16 weeks to view notices or updates from the CRA.
8. Reviewing the Notice of Assessment when received. Once the return is processed, the CRA will send an NOA detailing one’s tax refund if applicable.
