AUDITS or REASSESMENTS

Filed Under Tax · Tagged:  

According to the Income Tax Act, if CRA has not contacted you within 3 years to begin an audit or reassessment process, they cannot do so after 3 years unless you are guilty of filing a false income tax return.

If you do receive any assessment or reassessment, you have 90 days to file a Notice of Objection.

Also, according to the Supreme Court of Canada, CRA cannot try and collect a debt in the case where they contact you after 6 years of incurring of the debt.  This is typical of the majority of debts. 

 

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