Plain meaning
A CRA document that summarizes the result of assessing or reassessing a tax return.
Also called
notice of reassessment
NOA
Key points
- A notice of assessment is issued after the CRA processes a tax return and states the assessed tax result for that year.
- It shows key figures such as income, deductions, credits, refund or balance owing, and sometimes carryforward amounts or contribution room information.
- A reassessment can later change the result if the CRA reviews the return or receives new information.
- The date on the notice can matter for objection deadlines and interest calculations.
- Taxpayers should compare the notice with the filed return and supporting slips to catch errors or changes.
Why it comes up
It confirms balances, refunds, carryforward amounts, contribution room, and reassessment changes.