Question

What do you do with the notice of reassessment? of the dispute with the CRA regarding the $100,000? What are the steps?

Answer 1

When you receive a notice of reassessment from the CRA regarding a dispute involving $100,000, you should review the notice, gather supporting documents, prepare a response, submit it to the CRA, and follow up.

Step-by-step explanation:

When you receive a notice of reassessment from the CRA regarding a dispute involving $100,000, there are several steps you can take:

1. Review the notice: Carefully read through the notice to understand the changes made by the CRA.
2. Gather supporting documents: Collect all relevant documents, such as receipts and financial statements, to support your case.
3. Prepare a response: Write a detailed letter explaining your position and including the supporting documents.
4. Submit your response: Send your response to the CRA by the specified deadline.
5. Follow up: Keep track of any further communications or requests from the CRA and respond promptly.