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ARTICLE · 30 SEPTEMBER 2026

CRA Net Worth Audit 101: What To Know About The CRA Net Worth Audit & Net Worth Assessment In Canada

Rotfleisch & Samulovitch P.C.
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Facing a CRA net worth audit can be overwhelming, particularly when the Canada Revenue Agency is questioning whether your reported income aligns with your assets, spending, and overall financial picture.

CanadaTax
David Rotfleisch
David Rotfleisch
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Published: March 3, 2020
Last Updated: September 28, 2026

CRA Net Worth Audits & Assessment: At a Glance

  • A CRA net worth audit compares your finances against your reported income. The CRA examines changes in assets and liabilities, along with expenditures, to identify increases in wealth that it believes have not been explained by reported income.
  • Lifestyle and spending can attract scrutiny. Real estate purchases, renovations, vehicles, travel, cryptocurrency holdings, cash-intensive businesses, and other spending that appears inconsistent with reported income can contribute to a net worth audit.
  • A net worth assessment is not necessarily accurate. CRA calculations can depend on assumptions about assets, liabilities, expenses, transfers, gifts, loans, and other sources of funds, making a detailed review of the assessment important.

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