Using Notice of Assessment for Mortgage, Loans, and Divorce

cra notice of assessment - how to get notice of assessment
  • The NOA is essentially the CRA’s evaluation of your individual tax return.
  • A NOA is tax assessment summary from your income tax return
  • May contain a home buyers plan statement.
  • May contain a lifelong learning plan statement.
  • Canada revenue agency sends you the NOA
  • Account Summary: This section provides a brief overview of your tax assessment, including whether you have a balance owing, a refund, or a zero balance.
  • Tax Return Details: The NOA includes details from your tax return, such as your total income, total federal tax, total provincial or territorial tax, and total tax credits.
  • Changes to Your Return: If the CRA made any changes or corrections to your tax return during the assessment, these will be detailed in the NOA.
  • Tax Owing or Tax Refund: The NOA states the amount of tax you owe, if any, or the amount of tax refund you are entitled to.
  • RRSP Deduction Limit Statement: The NOA provides information about your Registered Retirement Savings Plan (RRSP) deduction limit for the next tax year.
  • Home Buyers’ Plan or Lifelong Learning Plan Balances: If you participate in the Home Buyers’ Plan (HBP) or Lifelong Learning Plan (LLP), your NOA will include a statement of your balances in these plans.
  • Other Information: The NOA may also include additional important information, such as your benefit and credit payments, your instalment interest and penalty calculations, and information about any appeals you have filed.

Remember, your NOA is an important document that serves as an official record of your income and tax payment history for a specific year. It’s recommended to review it carefully and keep it for your records.

Distinguishing Between a Tax Return and a Notice of Assessment

Notice of Assessment – Sample

notice of assessment cra

A tax return also referred to as a T1 General, is a compilation of all your earnings and claims for a specific tax year. It includes either the amount you’re due to receive as a return or the amount you owe.

On the other hand, a Notice of Assessment (NOA) is an official government document containing this information. Generally, your T1 General will match your NOA unless the Canada Revenue Agency (CRA) identifies errors or necessary changes before finalizing your return.

In essence, while your T1 General and NOA contain similar information, the T1 General is a document that has yet to be an official document. The NOA, which the CRA must verify, is the officially recognized and used document.

NOA Required Dates

Important Dates in Separation and Divorce | Related Time Limitations
  • Notice of Assessments for the Last 3 Years

Understanding how these important dates in separation and divorce will make a material difference: The When, Then and Now of Divorce

How to find my notice of assessment?

where to find notice of assessment

Where to Find Your Notice of Assessment

  • Your Personal Files: After filing your T1 Tax Return with the Canada Revenue Agency (CRA), you should receive a Notice of Assessment by mail within approximately 90 days.
  • Your Accountant: Even though the NOA was mailed to you, your accountant might have a copy.
  • Your Tax Preparation Service: Similarly, your Tax Preparation Service may have access to a copy of your NOA.
  • Express NOA: This is a document service provided by the CRA that allows individuals and authorized tax preparation professionals to view the NOA immediately after the return has been received and processed by the CRA using their tax software.

How can I get a copy of my notice of assessment?

how to get my notice of assessment
How to get Notice of Assessment online – CRA access how-to video
My Account, the Canada Revenue Agency’s secure portal

My Account, the Canada Revenue Agency’s secure portal


Why the Notice of Assessment is important in Separation and Divorce?

cra notice of assessment
Filing taxes when separated in Canada?Ken Maynard CDFA, Acc.FM

When separated in Canada, you must indicate your marital status on your tax return. This can affect credits and deductions you’re eligible for.

Why haven’t I received my Notice of Assessment?Ken Maynard CDFA, Acc.FM

Delays in receiving your Notice of Assessment could be due to high volume, errors in your tax return, or additional review by the CRA.

When is Notice of Assessment issued?Ken Maynard CDFA, Acc.FM

The Notice of Assessment is issued after the CRA has processed your tax return

Why would CRA send me a Statement of Account?Ken Maynard CDFA, Acc.FM

The CRA would send you a Statement of Account if there are any discrepancies or balances owing on your account.

What is line 150 / 15000 on Notice of Assessment?Ken Maynard CDFA, Acc.FM

Line 150 / 15000 your Notice of Assessment indicates your total income for the tax year.

How to download Notice of Assessment?Ken Maynard CDFA, Acc.FM

You can download your Notice of Assessment from the CRA’s My Account portal under the “Tax Returns” section.

How to get a Notice of Assessment?Ken Maynard CDFA, Acc.FM

You can get a Notice of Assessment through the CRA’s My Account portal or by mail

How long does it take to get your Notice of Assessment?Ken Maynard CDFA, Acc.FM

It typically takes about 8-14 days for electronic returns and 4-6 weeks for paper returns to receive your Notice of Assessment.

Is T1 the same as Notice of Assessment?Ken Maynard CDFA, Acc.FM

No, a T1 is not the same as a Notice of Assessment. A T1 is the tax return form you fill out and submit to the CRA, while the Notice of Assessment is the document you receive from the CRA after your T1 has been processed.

Related Documents:

Articles that may interest You!

About the Author:
Ken Maynard CDFA, Acc.FM

I assist intelligent and successful couples in crafting rapid, custom separation agreements that pave the way for a smooth transition towards a secure future. This efficient process is achieved in about four meetings, effectively sidestepping the excessive conflicts, confusion, and costs commonly linked to legal proceedings. Clients have the flexibility to collaborate with me either via video conference or in-person through a DTSW associate at any of our six Greater Toronto mediation centers, located in Aurora, Barrie, North York, Vaughan, Mississauga, and Scarborough.

Have a few questions -  Tap here to Schedule a Get Acquainted Call



Ken Maynard CDFA, Acc.FM