09/24/2026
📌 CRA Reassessment vs. Audit — What’s the Difference?
Have you ever heard someone say, “I got audited by the CRA”? They may actually have received a reassessment.
🔎 An audit is a detailed review of a taxpayer’s records and supporting documents to make sure their tax obligations have been properly met.
📄 A reassessment happens when the CRA reviews a previously assessed tax return and determines that a change may be needed or requests additional information. For example, they may have questions about medical expenses or another tax claim.
Neither an audit nor a reassessment automatically means you’ve done something wrong. However, either one can result in changes to your tax return, including possible taxes owing, interest, or penalties.
👉 If you receive a CRA reassessment or audit request, don’t ignore it. Review the notice carefully and respond within the required timeframe.
Have questions or concerns? Contact your local Prairie Strong office.
Disclaimer: This post is for educational purposes only and does not constitute legal, tax, or accounting advice. Please consult a qualified tax professional regarding your individual circumstances.
