What is a Notice of Assessment and how can I get a copy?

A Notice of Assessment, commonly referred to as a NOA, is an important document issued by the Canada Revenue Agency that details the results of an individual's or business's tax return assessment. This document informs taxpayers of their total income, deductions, and the amount of tax owed or refund due. It also provides information about any adjustments made by the CRA to the initial tax return submitted, which may include changes related to reported income, deductions, or credits. The Notice of Assessment serves multiple purposes. It is essential for taxpayers to understand their tax obligations, verify the accuracy of their tax return, and confirm any outstanding balances with the CRA. It also plays a pivotal role when individuals or businesses plan to apply for loans or mortgages, as lenders often require proof of income. To obtain a copy of a Notice of Assessment, individuals have several options. The CRA provides access to tax documents through its secure online platform, My Account. Taxpayers can register for this service if they have not done so already, allowing them to view and download current and past Notices of Assessment. Alternatively, individuals may contact the CRA by phone or use the CRA's online services to request a copy. It is advisable to check the official Canada Revenue Agency website for the most current details and accessibility regarding obtaining a copy of this important document.