Hi. If I am doing a tax return for a family member do I check the box of “Is this return discounted? Or is this for being a “discounter”? Is there another way that I tell the CRA that they didn’t pay for this return? Is there a max on how many I can discount as a “family” or “friend”?
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Tax discounters are registered EFILERs who provide immediate cash advances on expected income tax refunds to clients, minus a fee. They buy the right to the refund for a discounted amount, regulated by the Tax Rebate Discounting Act to ensure minimum payment standards.