CRA Notice of Assessment: Received Your CRA Notice of Assessment? What to do Now?

Written byPraveen Singh

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CRA Notice of Assessment 2024: Canada Revenue Agency offers the CRA Notice of Assessment. Let’s understand what is it and what to do after receiving the NOA. So, the Notice of Assessment is an evaluation of the applicant’s tax return. It is the responsibility of the Canada Revenue Agency to send the NOA to eligible applicants every year after the applicants file their tax returns.

The Notice of Assessement majorly includes information regarding the amount that the applicants may owe or may get as a refund or credit along with the date on which the concerned authority processes the tax return. Canada Revenue Agency NOA is one of the essential documents. Individuals should keep the NOA of every year safe to get benefits in the future. Scroll down the page and learn more information related to the CRA Notice of Assessment.

CRA Notice of Assessment

The www.canada.ca Notice of Assessment will provide candidates with the RRSP i.e., Registered Retirement Savings Plan deduction limit for the particular year. Individuals must keep a copy of the tax record for further use. Individuals who have failed the tax return for this year and still have not downloaded a copy of the CRA Notice of Assessment can now do it. The officials have provided online as well as offline methods. Both of the processes have been elaborated in detail in the following article.

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Sections of CRA Notice of Assessment (NOA)

In the following section, readers will get detailed information regarding the sections available in the Notice of Assessment:

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  • Account Summary: Under this section, information regarding the result of the applicant’s assessed or reassessed tax return. This might show a refund, a zero balance or an owing balance. The amount mentioned here consists of the outstanding balances that might be owed by applicants from the last return.
  • Tax Assessment Summary: It will include the main lines on the applicant’s assessed tax return. The amount used by the officials to calculate the balance will be available next to each line. It will also include any penalty and interest that the officials calculated on their refund or the owing amount.
  • Explanation of Changes and Other Important Information: The explanation will be available in detail regarding the changes or corrections made by the officials to their tax returns. Information sent with the applicant’s return and the information available on file will be considered.
  • RRSP Deduction Limit Statement: The deduction limit for the applicant’s Registered Retirement Savings Plan will be available here. How the officials calculate the deduction limit will be answered here.
  • Home Buyers’ Plan Statement: HBPS participating candidates will get information regarding the HBP statement. It will show the remaining amount that needs to be repaid and the minimum required repayment for the upcoming year.
  • Lifelong Learning Plan Statement: LLPs participating candidates will get information regarding the LLP statement. It will show the remaining amount that needs to be repaid and the minimum required repayment for the upcoming year.

How to download the Canada Revenue Agency NOA?

Individuals who are looking for the correct process to download the CRA Notice of Assessment can take a look here. Below is the step-by-step guide to download the www.canada.ca NOA:

  • First of all, visit the official website of the Government of Canada using this link: https://www.canada.ca/
  • Go to the Most Requested section available on the home page.
  • After that, click the CRA button and a new page will open on the screen.
  • Now, you must click the Sign in to My Account and the login page will open on the device.
  • Carefully provide the login credentials and submit them to open the dashboard on the screen.
  • Find and tap the direct link to the CRA Notice of Assessment and the file of NOA will open.
  • Check the document and download the same to complete the process.

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Frequently Asked Questions

What to do after receiving CRA Notice of Assessment?
After receiving the CRA Notice of Assessment, beneficiaries will get a tax refund if the notice shows the amount. If your notice says that applicants owe money, they must make a payment to the CRA.

How to get the Canada Revenue Agency NOA offline?
Individuals will have to contact the CRA via call and request them to send the NOA mailed to them.

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1 thought on “CRA Notice of Assessment: Received Your CRA Notice of Assessment? What to do Now?”

  1. This is Donald Bliss I would like to know why I have not received my hst/gst grocery rebate this morning and my wife hasn’t received it either is there a problem with doing them in Southern Ontario as well as where the fires are please let me know because I really need this for groceries

    Reply

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