Notice of Assessment (NOA)

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Definition of 'Notice of Assessment (NOA)'

A Notice of Assessment (NOA) is a document issued by the Canada Revenue Agency (CRA) to taxpayers. It contains information about the taxpayer's income, deductions, and taxes owing for the previous year. The NOA also includes information about any credits or refunds that the taxpayer is entitled to.

The NOA is an important document because it provides taxpayers with information about their tax situation. Taxpayers should use the information on their NOA to file their tax returns and to make any necessary changes to their tax withholdings.

The NOA is also used by the CRA to collect taxes from taxpayers. If a taxpayer does not pay the taxes owing on their NOA, the CRA may take collection action, such as garnishing wages or seizing assets.

There are a few things that taxpayers should know about their NOA. First, the NOA is not a bill. It is simply a statement of the taxpayer's tax situation for the previous year. Second, the NOA is not a final determination of the taxpayer's taxes. The taxpayer may still have to file an appeal if they disagree with the amount of taxes owing on their NOA. Third, the NOA is not a guarantee of a refund. The taxpayer may still have to pay taxes even if they receive a refund on their NOA.

If a taxpayer has any questions about their NOA, they should contact the CRA. The CRA can be reached by phone, by mail, or online.

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