Reassessments – Adjustments to your T2 return

Within certain time limits, the Canada Revenue Agency (CRA) can reassess your T2 return or make additional assessments of:

• tax
• interest
• penalties

These time limits vary depending on the type of corporation and the nature of the reassessment.

Reassessments can result from a request from you, a court request, or as part of the CRA's normal assessment process.

Forms and publications

• Guide T4012, T2 Corporation Income Tax Guide
• Information Circular IC75-7, Reassessment of a Return of Income