Looking For A Notice of Assessment Sample?
Looking for a CRA Notice of Assessment sample? Wondering what information is a part of an NOA? Looking for more information on the CRA tax assessment process? Here you will find all the answers to those questions.
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What Information is in a Notice of Assessment
A Notice of Assessment (NOA) is a statement sent out by the Canada Revenue Agency (CRA) after you file your taxes. Once the CRA reviews and assesses your return, the agency will send you your NOA. This document includes a lot of information about your income tax return.
If you are looking for a Notice of Assessment sample, here is an overview of some of the information that could be included on your NOA:
- Your contact information
- The date that the CRA assessed your return
- Information on any action that you may need to take
- Your current year-end balance (whether you have a balance owing, if you should expect a refund, or if the balance is zero.)
Your NOA will also show your deduction limit for your Registered Retirement Savings Plan (RRSP) and/or your Pooled Retirement Pension Plan (PRPP), including available contribution room.
The Notice of Assessment contains information on the main lines that were assessed or reassessed on your tax return. The amounts that the CRA used to calculate the balance on your return will be shown beside each line. You should compare this information with the information that you used on your return to see if there are differences.
The CRA will also provide an explanation of any changes or corrections that it makes to your tax return. These changes will be made based on the information that you provided to the CRA as well as any information the agency has on file.
How to Get a Copy of your Notice of Assessment or Reassessment
You should receive a Notice of Assessment within a few weeks of filing your return. If you have signed up online on the CRA My Account page, you can view your Notice of Assessment there. You will receive a notification via the CRA’s online mail service when your NOA is available (if you have signed up for the service). In most cases, it will take a couple of weeks to receive your NOA, but that waiting period could be longer if there is a backlog at the CRA.
If you printed and mailed your return, expect to wait even longer to receive your NOA.
A Notice of Assessment sample is available on the Canada Revenue Agency website if you are interested in seeing what the NOA looks like before you receive it.
If You Disagree with the Notice of Assessment
If you’re looking for a Notice of Assessment sample, it could be because you are interested in finding out what should be on an NOA because you do not agree with the information that is listed on your document.
If you disagree with the Notice of Assessment, your first step should be to contact the CRA and get more information. If you still disagree after receiving additional information, you can make a formal objection. Farber Tax Solutions can help you properly complete your objection and represent you if you appeal to the Tax Court of Canada. Please contact us today for more information.
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 and tax lawyers from Farber Tax Law.