Notice Of Assessment - NOA

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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).

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RELATED FAQS
  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 >>
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    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 >>
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    Just as finding a good mechanic will help keep your car running smoothly, finding a good broker or financial advisor can ... Read Full Answer >>
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    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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    There is no limit on the amount that can be converted from your Traditional IRA to your Roth IRA. To learn more, read Retirement ... Read Full Answer >>
  6. How does the Canada Pension Plan (CPP) work, and what asset mix does it hold?

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