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Blogs tagged with tax assessment

Understanding CRA Tax Assessment & Arbitrary Assessments

CRA tax assessment is when the Canada Revenue Agency conducts a review of your income taxes. The most common form of CRA tax assessment is the Notice of Assessment that is sent once the CRA has conducted a preliminary review of your tax return. However, there are also other forms…

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CRA Reassessment: How Far Back Can It Go?

One of the most common questions we receive about a CRA reassessment is “How far back can the CRA reassess me?” Many people worry about a CRA reassessment coming years and years after they’ve filed a return, leaving them struggling to remember financial details from years ago. The good news…

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Can I Object to a Tax Assessment Based on the Tax Return I Filed Myself?

The idea of objecting to CRA’s Tax Assessment based on the return that you filed yourself sounds strange doesn’t it? You provided the information, so then why would you have a reason to object to the return? When you file your return, CRA may have some other information on their…

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What is a Notional Assessment or a CRA Tax Assessment?

With the Canadian income tax deadline behind us, those who, for whatever reason, chose not to file this year (or any past year) may be thinking that it is too late and that there is no real urgency to file now. Many people don’t file their annual tax returns because…

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