Скачать или смотреть Is a Reassessment the same as an Audit?

Let's talk about something that often gets mixed up: reassessments and audits. They may sound similar, but trust me, they are 🙅‍♂️NOT🙅 the same thing!

Here's the deal: audits are initiated by the CRA and require you to provide them with information. If you're currently being audited, it's crucial to respond to their inquiries accurately and promptly. 🧾

On the other hand, reassessments can happen out of the blue and throw you off guard. 😱 If you receive a notice of reassessment, don't panic! It's just a warning that changes have been made to your previous tax returns.

Feeling a bit overwhelmed? Don't worry, we've got your back. Our team of experienced tax lawyers can help guide you through this process and ensure that your rights are protected every step of the way.

Let's stay informed and avoid any surprises from the CRA! 💼💡🧐

Have you ever been through an audit or reassessment? Share your experiences with us in the comments below and let's clear up any confusion surrounding these two terms.

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