A T1 tax return and Notice of Assessment are two distinct tax documents serving different purposes.
The T1 General Income Tax Return is the form Canadian taxpayers complete and submit to report their annual income and calculate taxes owed. In contrast, the Notice of Assessment (NOA) is an official document issued by the Canada Revenue Agency (CRA) after reviewing your T1 submission. The NOA outlines:
- Your assessed tax position
- Any adjustments made to your original filing
- Tax refund amount or balance owing
- RRSP contribution room for the next year
- Important tax account information