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Investments glossary

Notice of Assessment (NOA)


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Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.

— Christian Schulz

A notice of assessment (NOA) is an annual statement sent by the Canada Revenue Agency (CRA) to taxpayers detailing the amount of income tax they owe. It includes details such as the amount of their tax refund, tax credit, and income tax already paid. It also lists deductions from total income, total nonrefundable federal tax credits, total British Columbia nonrefundable federal tax credits, and other figures.1

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