Notice Of Assessment - NOA


DEFINITION of 'Notice Of Assessment - NOA'

An annual statement sent by revenue authorities to taxpayers detailing the amount of income tax they owe. It includes the amount of their tax refund, tax credit and income tax already paid.

BREAKING DOWN 'Notice Of Assessment - NOA'

In Canada, each NOA will include the amount that a taxpayer is able to contribute to a Registered Retirement Savings Plan (RRSP).

  1. Income Tax

    A tax that governments impose on financial income generated by ...
  2. Capital Cost Allowance - CCA

    A yearly deduction or depreciation that can be claimed for income ...
  3. Registered Pension Plan - RPP

    A form of a trust that provides pension benefits for an employee ...
  4. Registered Retirement Savings Plan ...

    A legal trust registered with the Canada Revenue Agency and used ...
  5. Canada Pension Plan - CPP

    One of three levels of Canada's retirement income system, which ...
  6. Canada Revenue Agency - CRA

    A federal agency that collects taxes and administers tax laws ...
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  1. When should I take my Canadian Pension Plan distributions?

    The Canadian Pension Plan (CPP) is a retirement program from which contributing Canadians may receive payments at the age ... Read Full Answer >>
  2. Are Canadian Pension Plans inflation-protected?

    The Canada Pension Plan protects pension holdings against inflation and adjusts its annual rates for inflation. The Canada ... Read Full Answer >>
  3. How should I invest the money I keep on my IRA?

    For individuals who are just starting to save, certificates of deposit can be a good place to start, but the interest rates ... Read Full Answer >>
  4. Why choosing the right investment advisor is crucial for your portfolio's health

    Just as finding a good mechanic will help keep your car running smoothly, finding a good broker or financial advisor can ... Read Full Answer >>
  5. What documents I need to transfer an IRA/SEP/SIMPLE to a Traditional IRA?

    Most firms require that you complete their account transfer request form, which they use to request the transfer of assets ... Read Full Answer >>
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