Investments glossary

Notice of Assessment (NOA)

A notice of assessment (NOA) is an annual statement sent by the Canada Revenue Agency (CRA) to taxpayers detailing the amount of income tax they owe. It includes details such as the amount of their tax refund, tax credit, and income tax already paid. It also lists deductions from total income, total nonrefundable federal tax credits, total British Columbia nonrefundable federal tax credits, and other figures.1

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