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...

CRA Reassessment: How Far Back Can It Go?

CRA Reassessment: How Far Back Can It Go? The CRA can reassess your taxes after they have been filed and initially assessed. How far back can a reassessment go? The normal reassessment period is three years but can very depending on the specific circumstances. If...

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...