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Canada RIT/RIF: What These CRA Payments Mean for You

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Canada RIT/RIF is a type of adjustment or interest payment the CRA may issue when reassessing your tax return. These deposits often appear when you’ve overpaid taxes or when the CRA adds refund interest to your account. They are not benefits but corrections based on updated calculations. Always check your CRA My Account to verify the reason for the payment. https://www.newsinsights.ca/canada-rit-rif/

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