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ARTICLE · 08 JUNE 2021

Understanding The CRA Notice Of Assessment

Most of us have received our Notice of Assessment from the CRA for our 2020 tax returns. Mostly it's petty much as you expected – a refund or no balance owing.

CanadaTax

Understanding the CRA Notice of Assessment

How to object if you think the CRA is wrong

Most of us have received our Notice of Assessment from the CRA for our 2020 tax returns. Mostly it's petty much as you expected – a refund or no balance owing. But sometimes the CRA sends you an unfavourable Notice of Assessment. Here's what to do.

Looking at the Notice of Assessment

First, look on the Notice, under the heading "Explanation of changes and other important information." In the vast majority of cases, this explanation is computer-generated, and much of the "explanation" you find on the page may actually have nothing much to do with the discrepancy.

Next, look for something that "doesn't ring a bell." In fact, at this stage, the vast majority of problems relate to some type of clerical error. If your return was not prepared with tax-filing software, you may have simply made a calculation or entry error, or perhaps a CRA clerk has simply entered the wrong

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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