What are the risks of using CRA's Auto-fill feature for tax returns?
What are the risks of using CRA's Auto-fill feature for tax returns?
The risks of using CRA's Auto-fill feature primarily stem from the possibility of missing tax slips which can lead to inaccurate income reporting. This can result in various consequences including financial penalties from the CRA for unreported income, increased scrutiny or audits, and complications in securing loans, especially in the real estate market. Tax filers must actively verify all populated information through personal records to ensure compliance and accuracy.