Notice of Assessment, commonly known as NOA, is a document Canada Revenue Agency (CRA) mails after you file your taxes.
It consists of:
- · your refund amount
- · tuition carry forward (both federal and provincial)
- · Tax Free Savings Account (TFSA) contribution limit
- · Registered Retirement Savings Plan (RRSP) contribution limit
If you have misplaced your NOA, you can access it from CRA My Account. Otherwise you can have your authorized representative (accountant) download it from CRA’s portal on your behalf.
Remember, first time filers don’t have a Notice of Assessment because its the first time they are filing taxes. Whenever CRA makes a change to your tax file, they issue a Notice of Re-assessment that describes the changes and why its made. We will cover Notice of Re-assessment in another blog.