What To Do When You Get A Notice of Assessment in Canada

Everything you need to know about the Notice of Assessment Canada Revenue Agency sends out after it has reviewed your tax return. It is vital to know out what your next move should be.

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All About the Notice of Assessment Canada Revenue Agency Sends Out

 

After you file your income taxes, you’ll receive a Notice of Assessment (NOA). An NOA is a statement that indicates that your tax return has been assessed by the Canada Revenue Agency (CRA). It details the amount of income tax you owe, if you will receive a refund, or if you have a zero balance.

Your NOA will also explain any changes or corrections that were made to your tax return, list your RRSP/PRPP deduction limit, and potentially detail other information about your account.

If you are receiving a refund, then your Notice of Assessment may include a cheque for this refund. If you believe the amount on the cheque is correct, you may cash the cheque at any time. If you think there is an error, you can request a change to your tax return. This can be done online or by mail.

If your NOA indicates that you must make a payment, there are several methods of doing so including paying via online banking, paying with cash or debit at any Canada Post location, making a payment at your financial institution, or mailing a cheque. If your Notice of Assessment shows that you have a balance owing, but you have already paid this amount, it could be that the NOA was sent out before the payment was received. In this case, you may wish to check the CRA My Account page or contact the CRA to confirm that your payment was received and processed correctly.

 

Receiving your Notice of Assessment

 

The Notice of Assessment Canada Revenue Agency sends out usually arrives a couple weeks after you submit your taxes online. However, if you printed and mailed your return, you could find yourself waiting about 4 to 6 weeks and, if you file right on the tax deadline or after the deadline, you’re likely going to wait even longer.

Recently, the CRA made an “Express NOA” available to those who file using NETFILE-certified software, have registered on the CRA My Account page and consented to receiving online mail from the CRA. An Express NOA will be delivered into your tax software after you file.

 

If You Do Not Have the Notice of Assessment Canada Revenue Agency Sent to You

 

You should keep your NOA in a safe place in case you need to refer to it later. As mentioned, depending on how you filed your taxes and when you submitted them, you may need to wait to receive the Notice of Assessment. If you don’t see the NOA online right away, wait a few weeks. Sometimes the CRA takes longer to process tax returns than usual, so your NOA may be delayed for a while.

If you received an NOA, but cannot find it, there are several ways to get a copy. If you are signed up for the CRA’s My Account services, you can log into the website to view, download, and print your Notice of Assessment. If you have not signed up to receive statements online, or if you want a paper copy mailed to you, you should contact the CRA by phone to make a request.

Farber Tax Solutions can help you successfully deal with CRA problems. We utilize the experience of our tax experts to:

  • 1| Offer a comprehensive solution that is focused on achieving the most favourable possible outcome for your tax issue;
  • 2| Communicate with the CRA on your behalf and navigate the entire CRA dispute process; and
  • 3| Offer a complete solution to your tax problems, including ex-CRA professionals, lawyers, and experienced accountants.

 

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