In this guide
What it is
CRA sends a notice of reassessment when it makes changes to a return it has already assessed. The changes can come from CRA’s own review, an audit, or an adjustment you requested.
A reassessment can change the tax owing, including interest and penalties, or the refund. The notice summarizes the revised amounts and explains the changes.
What to check
Dates that matter
- Objecting
- A reassessment is an assessment for objection purposes. A corporation can serve a notice of objection on or before the day that is 90 days after the day the notice was sent.
- Reassessment limits
- CRA’s ability to reassess is generally limited to the normal reassessment period that began with the original notice of assessment: three years for a Canadian-controlled private corporation and four years for other corporations, with exceptions set out in the Act.
What to keep
- The reassessment beside the original assessment and the return
- Any proposal letter or correspondence that led to it
- Your notes on what changed and why
In TaxDesk
TaxDesk files a reassessment to the company and tax year beside the original assessment, so both stay with the T2 they relate to. When it follows an audit, link it to the audit matter as the reassessment, and the matter keeps the letter, the proposal, and the outcome together.
Scope note. This page explains a CRA letter in general terms. It isn’t advice about your situation. Check the letter itself, and confirm the dates and your options with your accountant.
Primary reading
Official starting points used to develop and check this guide.
Continue the workflow
The next useful step
Put the guide into practice
Keep every CRA letter with the record it affects.
TaxDesk reads CRA notices, files them to the right company and year, and keeps them beside the filings and audit matters they relate to.