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.

INVESTOPEDIA EXPLAINS '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).

RELATED TERMS
  1. Registered Pension Plan - RPP

    A form of a trust that provides pension benefits for an employee ...
  2. Income Tax

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  3. Capital Cost Allowance - CCA

    A yearly deduction or depreciation that can be claimed for income ...
  4. Canada Revenue Agency - CRA

    A federal agency that collects taxes and administers tax laws ...
  5. Registered Retirement Savings Plan ...

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

    One of three levels of Canada's retirement income system, which ...
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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 >>
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