Disputing a CRA assessment/reassessment or decision can be quite painful and stressful. CRA may not necessarily be right all the time and mistakes can happen. If the mistakes are not corrected, you would have to bear the high costs of an unfair assessment or decision.
If you disagree with a Notice of Assessment/Reassessment, CRA can be contacted first to discuss the issues involved in the assessment as an attempt to resolve those issues without having to go through the lengthy process of a formal objection.
If you still disagree after the discussions with CRA, a formal objection process must start by filing a Notice of Objection to the Objections and Appeals Division of CRA. Your objection must clearly explain what you disagree with, the reason you object, and the details. Supporting documentation should accommodate the objection to validate the disagreement.
You must file Notice of Objection within 90 days from the date of your notice of assessment or reassessment was sent.
Considering the strict deadlines, do not procrastinate! Take an immediate action to file a formal objection as soon as possible.
Under certain circumstances it may be possible to have an extension if you missed the 90-day window to file an objection. Keep in mind, there is also a deadline to do that. The deadline to request for an extension is one year from the deadline of filing the objection.
Many taxpayers may need an extension as they may not be aware of the 90-day window; however, not knowing the deadline is not a valid excuse for CRA to grant an extension. CRA sets highly strict criteria for an extension and quite often rejects the extension requests for not meeting those criteria. To convince the CRA, you should have extraordinary circumstances beyond your control that prevented you from filing a Notice of Objection on time.
If you missed a deadline, you may still have a chance for an extension. We strongly urge you to contact us to get our professional advice. We will examine your full details and take an immediate action to prepare a formal written request for the most effective extension application possible.
Once you file a Notice of Objection, CRA will stop taking legal action on your tax debt that relates to the objection. CRA will stop garnishing wages, freezing the bank account, or putting a lien on your property until the objection is finalized. However, you may be liable for the interest accrued during the time your taxes remained outstanding.
The period to process an objection largely depends on the complexity of the case under review. Prompt provision of the required information and documentation to CRA is highly critical in preventing the delays.
Challenging the potential CRA mistakes can be best handled by highly trained and experienced tax professionals. Successful results require a tax pro to have an in-depth understanding of accounting and tax laws along with an ability to defend your rights assertively with confidence. We offer you all! By using our services, you can save thousands of dollars from potential CRA errors.
Just bring in your notice of assessment/reassessment and any other related information, and we will take it from there.
We tirelessly fight for your rights courageously against an unfair assessment of CRA.
Contact us today for a free, no-obligation, and confidential consultation to make the most effective objection possible.
Take advantage of our free, no-obligation consultancy session and improve your financial life by learning the complexities of your tax matters and the solutions from a professional!