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Choose a building block.Release Notes Version 1.0 September 2022 FrontEnd Build: 76.0.120 BackEnd Build: 76.0.219 Governance, Risk & ComplianceCRA Wiz and Fair Lending Wiz: 7.6 Update1Overview32Installation
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How to fill out cra wiz and fair

01
Gather all necessary information such as personal details, income details, expenses, and taxes paid.
02
Log in to your CRA (Canada Revenue Agency) account or create one if you don't have it already.
03
Navigate to the 'Income tax and benefit return' section and select the appropriate form for your situation (WIZ - With Income and Without Income, FAIR - Family Net Income Over $20,000).
04
Fill out the form accurately and thoroughly, making sure to double-check all information before submitting.
05
Submit the completed form electronically through your CRA account or mail it to the designated address if submitting by mail.

Who needs cra wiz and fair?

01
Individuals who are required to file their income tax return in Canada.
02
Families with a net income over $20,000 who need to report their income and expenses.
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CRA WIZ and FAIR refer to specific forms used for reporting tax-related information to the Canada Revenue Agency (CRA). They are part of the compliance process for individuals and businesses.
Individuals, businesses, and organizations that meet certain criteria set by the CRA regarding income, deductions, and tax credits are required to file CRA WIZ and FAIR.
To fill out CRA WIZ and FAIR, gather all necessary financial documents, follow the instructions provided on the forms, and ensure that all required information is accurately reported before submission.
The purpose of CRA WIZ and FAIR is to ensure accurate reporting of income and expenses, help the CRA monitor tax compliance, and facilitate the calculation of taxes owed or refunds due.
Information that must be reported on CRA WIZ and FAIR includes income, expenses, tax credits, and any other financial details relevant to the tax assessment process.
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