Cra notice of assessment mail

The Canada Revenue Agency (CRA) Notice of Assessment (NOA) mail!

The NOA is an important document that the CRA sends to taxpayers to inform them of their tax liability, credits, and any changes to their tax account. Here's what you need to know:

What is a Notice of Assessment?

A Notice of Assessment is a formal document that the CRA sends to taxpayers to:

  1. Confirm their tax liability (amount owed or refund due)
  2. Inform them of any changes to their tax account (e.g., changes to their tax credits, deductions, or income)
  3. Provide a summary of their tax return (T1 General)

What does the NOA look like?

The NOA is typically a 2-3 page document that includes:

  1. Your name and address
  2. Your tax year (e.g., 2022)
  3. Your tax account number
  4. A summary of your tax return, including:
    • Gross income
    • Deductions and credits
    • Net income
    • Tax owed or refund due
  5. Any changes to your tax account (e.g., changes to your tax credits, deductions, or income)

What should you do with your NOA?

Once you receive your NOA, you should:

  1. Review it carefully to ensure accuracy
  2. Check for any errors or discrepancies
  3. If you disagree with the assessment, you can file a Notice of Objection with the CRA
  4. Keep a copy of the NOA for your records

What if you don't receive an NOA?

If you don't receive an NOA, it's possible that:

  1. Your tax return was not processed
  2. Your address is incorrect
  3. You filed a paper return and it's taking longer to process

In this case, you can:

  1. Contact the CRA to confirm the status of your return
  2. Check your CRA My Account online to see if your return has been processed
  3. Contact a tax professional or the CRA's toll-free number for assistance

Remember, the NOA is an important document that helps you understand your tax situation. If you have any questions or concerns, don't hesitate to reach out to the CRA or a tax professional for guidance.