After filing your tax return, it's important to stay informed about any changes or reassessments. Here's how to keep your Wealthsimple Tax profile current:

Check for CRA updates regularly

1. Log in to your CRA My Account
2. Look for any new Notices of Assessment or Reassessment
3. Review any changes to your tax situation

Update your Wealthsimple Tax profile

If you receive a reassessment:

1. Log in to your Wealthsimple Tax account
2. Select the relevant profile
3. Navigate to the Summary section
4. Update any affected fields with the new information
5. Re-optimize your return if necessary

Why updating is important

• Ensures accuracy for future tax filings
• Helps avoid discrepancies with CRA records
• Maintains the integrity of your carry-forward amounts

Set reminders

• Create calendar reminders to check your CRA My Account quarterly
• Review your Wealthsimple Tax profile before starting a new tax year

Audit protection users

If you've purchased audit protection:

• We'll assist you with understanding reassessments
• Contact our support team if you receive a reassessment notice

After filing: Next steps

1. Check your CRA My Account for your Notice of Assessment
2. Review any changes or suggestions from the CRA
3. Update your Wealthsimple Tax profile if necessary
4. Start planning for next year's taxes

For help updating your Wealthsimple Tax profile after a reassessment please contact our support team. For specific tax advice related to reassessments please consider consulting a tax expert.