What Does Assessed Mean Cra

what does assessed mean cra

Understanding the Term 'Assessed' in the Context of the CRA

When managing your taxes in Canada, you might come across the term 'assessed.' This term relates to the Canada Revenue Agency's (CRA) method of evaluating your tax return. It entails the CRA reviewing the data you have submitted to establish its accuracy, completeness, and compliance with the tax law. This assessment can be performed on both your personal tax returns and your business tax submissions.

The Process of Assessment through CRA’s Website

One way of dealing with tax-related matters is through the CRA's official website. After filing your tax return, the CRA will send you a Notice of Assessment through the online portal. Here are the steps involved in this online process:

  • Firstly, access the CRA's official website and log into 'My Account.'

  • Once logged in, under the 'Tax Returns' tab, you can see your status as 'Assessed.' This means the CRA has reviewed your tax return and confirmed the information provided.

  • If necessary, you can access and download your Notice of Assessment for your records. This document contains critical information, such as your tax and credit amounts, any changes made by the CRA, and the date of your assessment.

Assessment through CRA’s Mobile Application

Another method of interacting with the CRA is through their mobile application, known as 'MyCRA.' This app allows taxpayers on-the-go access to essential tax-related information and updates. Here's how it works:

  • Download the 'MyCRA' app from your mobile device's app store.

  • Open the app and log in using your CRA user ID and password.

  • Under the 'Tax Return Status' section, you can view your assessment status. If it shows as 'Assessed,' this implies your return has been evaluated and processed.

  • You can also view and save your Notice of Assessment directly from the mobile app.

Assessment through CRA’s Call Centre

For those who prefer to take a more traditional approach, the CRA's call centre remains an accessible option. You can call the CRA to confirm your assessment status and discuss any infractions or problems. Here's how:

  • Call the CRA's general inquiry line. For individuals, this is 1-800-959-8281, and for businesses, it's 1-800-959-5525.

  • After providing your identification details, ask the representative about your tax return's assessment status. They can confirm over the phone if your return has been assessed.

  • In case of discrepancies or issues, the agent can explain these to you and guide you on the next steps to rectify the problem.

In conclusion, the CRA provides citizens with a multitude of avenues to interact, file, and verify their tax-related issues. Whether you choose the web, mobile app, or call centre route, rest assured the government has catered to every individual's unique needs and preferences.