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Updated 4 months ago, 07/31/2024
Unable to refinance because of CRA Audit
I am wanting to do a cash-out/refi on a property
CRA is auditing my 2022 taxes, bank won't initiate an application if taxes show owing. I have sent everything back to CRA and expect full amount owing to be reversed. But this will likely take months.
Anyone have experience with a situation like this or any workarounds?
P.S. if this was only a couple thousand dollar audit I would just pay CRA and then they'd refund me once they've finished re-assessment.