How Long Does It Take Cra To Reassess Returns

how long does it take cra to reassess returns>

Introduction

The Canada Revenue Agency, popularly known as CRA, ensures that taxes are appropriately and timely filed by all who are part of the Canadian economy. Understanding the duration it takes CRA to reassess returns is crucial for anyone who interacts with it. In this article, we will delve into this topic and provide you with reliable insight. We will explore options through the CRA's website, mobile app, and their call centre.

CRA Reassessment Process via Website

The CRA's official website provides users with comprehensive tax-related resources. This includes personal tax accounts where individuals can submit their annual returns, track the status, and eventually access their Notice of Assessment (NOA).

Once your tax return is filed, the CRA typically takes an average of two weeks for electronic submissions to process your return and issue a Notice of Assessment. However, this may extend to eight weeks if you filed on paper. Keep in mind that these durations may further stretch during peak tax seasons.

Also note that the CRA may decide to reassess your tax return after issuing the NOA. In such scenarios, they will send you a Notice of Reassessment, which may take up to six months.

Navigating CRA Reassessment via their Mobile App

For those who prefer handling their matters on-the-go, the CRA has a user-friendly mobile app. The MyCRA mobile app offers convenience and efficiency as it avails all of the CRA's services right at your fingertips.

Users can submit tax returns, track the status, update personal details, and even check the progress of reassessment requests. The timeframe for reassessment requests via the mobile app mirrors that of the website—typically two weeks for electronic submissions, and eight weeks for paper submissions. If a reassessment is needed after the issuance of the NOA, this could take up to six months.

Contacting the CRA Call Centre

The CRA's call centre presents another viable option for individuals seeking to understand the reassessment process. The call centre agents possess a wealth of knowledge and are always ready to assist with any tax-related inquiries.

Generally, once you have filed a return, the call centre can provide you with updates on the processing status. Should a reassessment be required, the concerned agent will notify you and guide you on the next steps. Like the other methods, the timeframe for reassessment continues to be about six months from the NOA issuance date.

Conclusion

CRA's reassessment of tax returns is critical to ensure the correct handling of your annual taxes. While there is an expected standard timeframe for reassessment, it's key to remember that anomalies such as high volumes during tax season, discrepancies in your filing, or issues with the CRA's internal systems can extend this period. Utilizing the CRA's website, mobile app, or call centre can provide accurate updates and further guide you through the reassessment process.