I am new to Discounting Services and would like to know how long does it take to get the refund from CRA

I am new to Discounting Services and would like to know how long does it take to get the refund from CRA.


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The typical time is 7-10 days.  CRA will deposit direct to your bank acct on their regular cylce days of Tuesday and Friday.   The NOA will show up in your mail 4-5 days later.  You'll need to match up the NOA's with the expected refunds and either collect any shortfalls or payout any overpayments.    I used to do it, but stopped a few years ago.  Way too much stress dealing with all the shortfalls because there is that 5-7 day processing window that CRA could either add additional information or a debtor could register a lien against the refund that you didnt know about when doing the SEND report.

Mark Poty, Venture Tax Services,  Red Deer, AB

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