How Far Back can CRA Go? After a taxpayer files a tax return, they should receive a notice of assessment. This notice of assessment will have a date on it.This date is important. CRA needs to complete the tax audit within the three year period not just start the tax audit. It is important to file your tax return as soon as possible to get the reassessment time clock started. Tax Doctors Canada Can help.
Tax Doctors Canada has 3 office locations (by appointment only) in Toronto, Markham and Mississauga to serve you. You can also have one of our certified tax accountants assist you with your personal tax return requirements remotely from the comfort of your home utilizing Tax Doctors Canada's secure document transfer portal. We accept clients from Canada and worldwide.
Free Initial Phone Consultation
Tax Doctors Canada offers a stress free Initial Phone Consultation with one of our professionally certified tax accountants. We Welcome Your Business!
Do not hesitate any longer. Contact Us by Email or call 1 855 TAX DOCS (+1-855-829-3627) for a free no obligation consultation and get your back taxes done stress free.
Normal Reassessment Period
After the taxpayer files his/her tax return, you should receive a notice of assessment. This notice of assessment will have a date on it. This date is important. The time limit for CRA to audit your tax return is as follows:
- tax returns can be reassessed three years from the date on the notice of assessment;
- the reassessment period can be extended if the taxpayer has committed fraud or a misrepresentation on the tax return. If this is the situation, CRA can review returns as far back as they like.
- the three year reassessment period can be ignored, if the taxpayer signs a waiver that allows CRA to audit beyond the three year limit.
File your tax returns promptly
CRA needs to complete the audit within the three year period not just start the tax audit. So file your tax return as soon as possible to get the reassessment time clock started. Most tax returns are statute barred after three years; hence CRA can’t tax audit unless one of the prior reasons are present. If a waiver is requested by CRA, think twice before signing it. You may want to make the waiver specific to a particular issue.
If you receive a notice of reassessment
If you receive a notice of reassessment, it is highly recommended that you acquire professional tax accounting assistance from Tax Doctors Canada in order to protect your best interests against CRA. The professional certified tax accountants at Tax Doctors Canada will ensure that you receive the best possible outcome against CRA. We have decades of experience and success representing our clients against CRA reassessment actions.We would welcome the opportunity to be of service to you.
Tax Doctors Canada has 3 office locations (by appointment only) in Toronto, Markham and Mississauga to serve you. You can also have one of our certified tax accountants assist you with your personal tax return requirements remotely from the comfort of your home utilizing Tax Doctors Canada's secure document transfer portal. We accept clients from Canada and worldwide.
Free Initial Phone Consultation
Tax Doctors Canada offers a stress free Initial Phone Consultation with one of our professionally certified tax accountants. We Welcome Your Business!
Do not hesitate any longer. Contact Us by Email or call 1 855 TAX DOCS (+1-855-829-3627) for a free no obligation consultation regarding all your back tax filing needs. If you have back tax issues, the professional tax accountants at Tax Doctors Canada can negotiate a settlement for you with the tax department and possibly save you interest, penalties and prosecution.
