Uploaded on Nov 5, 2024
The CRA Notice of Assessment is sent after the CRA reviews your tax return. It includes the tax based on which your total assessment, adjustments, and RRSP deduction limits are calculated. Find out how to get your CRA Notice of Assessment, what information it contains, and how it affects your tax and financial planning. For more details https://www.sauconsulting.ca/our-services/taxdisputes
Understanding the CRA Notice of Assessment (NOA)
UNDERSTANDING
THE CRA NOTICE
OF ASSESSMENT
(NOA)
A CRA Notice of Assessment (NOA) is a summary the Canada
Revenue Agency sends after they review your tax return. It shows
your tax assessment and includes critical financial information, like
RRSP contribution limits.
WHAT’S INCLUDED IN
THE CRA NOTICE OF
ASSESSMENT
• Account Summary
• Tax Assessment Summary
• Explanation of Changes or Corrections
• RRSP/PRPP Deduction Limit
• Statements for Home Buyers’ Plan and Lifelong
Learning Plan
HOW TO RECEIVE YOUR
CRA NOTICE OF
ASSESSMENT
• By Mail: Sent to the address on your tax return.
• Online: Available on the MyCRA app if registered
for CRA Online Mail.
GETTING A COPY OF
YOUR CRA NOTICE OF
ASSESSMENT
• Online: View and print from CRA My Account for
recent years.
• Mobile App: Use MyCRA for notices issued after
February 9, 2015.
• By Phone: Call CRA, if online access is
unavailable.
TIMELINE FOR RECEIVING
YOUR NOTICE OF
ASSESSMENT
• NETFILE Submissions: Up to 2 weeks.
• Mailed Returns: 4 to 6 weeks.
• Peak Periods or Non-Residents: Up to 8 weeks; may take 16
weeks for non-residents.
EXPRESS NOTICE OF
ASSESSMENT (EXPRESS
NOA)
• Available immediately after processing if:
⚬ Registered for CRA My Account
⚬ Using NETFILE-certified software
REFUND TIMELINE AFTER
RECEIVING NOTICE OF
ASSESSMENT
• Refund generally arrives with the NOA.
• The refund may be deposited separately or arrive in the mail
shortly after for electronic NOA.
HOW SAU CONSULTING
CAN HELP
SAU Consulting supports businesses and individuals by
providing expert guidance with CRA Notices of Assessment.
Our services include:
• Reviewing your NOA for accuracy and possible issues
• Assisting in clarifying or disputing any CRA adjustments
• Providing advice on deductions, credits, and RRSP limits
listed in your NOA
With SAU Consulting, ensure your Notice of Assessment is
thoroughly reviewed, so you can feel confident in your tax
results.
The CRA Notice of Assessment is an essential document to
understand your tax standing. SAU Consulting is here to help
you make sense of it and address any concerns, ensuring you
make informed financial decisions based on your assessment.
CONTACT DETAILS
www.sauconsulting.ca
[email protected]
(587) 284 3266
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