What Is a Notice of Assessment?
Your Notice of Assessment (NOA) is the official document CRA sends after processing your tax return. Think of it as your tax "report card."
🎯
Key Takeaways
- Your NOA confirms CRA processed your return
- Shows assessed income, deductions, and credits
- Lists refund amount or balance owing
- Review carefully—errors can be corrected
What is a Notice of Assessment?
The Notice of Assessment (NOA) is CRA's summary of your tax return after they've processed it. It's your official confirmation that your return was received and assessed.
Key Information on Your NOA
- Total income assessed
- Deductions and credits claimed
- Federal and provincial tax calculated
- Refund amount or balance owing
- RRSP deduction limit for next year
- TFSA contribution room
What to Look For
Compare your NOA to your filed return:
- Does assessed income match what you reported?
- Were all deductions and credits accepted?
- Is the refund/balance what you expected?
Disagreements
If CRA adjusted your return, they'll explain why. You have 90 days from the NOA date to file a Notice of Objection.
Keep Your NOA
Your NOA shows your RRSP room and may be required for mortgage applications, student loans, or other financial matters.
Questions About Your NOA?
Tax Punjabi can help you understand your assessment and address any issues.