What to Do If You Receive a CRA Notice of Assessment

Understanding the Notice

A Notice of Assessment (NOA) is the CRA's response to your tax return. It confirms what you reported, outlines any changes the CRA made, and states your balance owing or refund amount.

Receiving an NOA doesn't necessarily mean something is wrong — every filed return generates one. But it's critical to review it carefully.

Steps to Take

1. Compare it to your return. Check that the numbers match what you filed. Discrepancies could indicate the CRA adjusted a deduction or credit.
2. Check for balance owing. If you owe money, note the due date. Interest begins accumulating immediately on unpaid balances.
3. Review your RRSP deduction limit. Your NOA includes your updated RRSP contribution room for the following year.
4. File a dispute if needed. If you disagree with a CRA adjustment, you have 90 days to file a Notice of Objection.

When a CRA Notice Signals Trouble

If your NOA includes significant adjustments you didn't expect, it could indicate errors in your original filing, missing documentation, or potential audit triggers. In these cases, professional support is essential.

Fusion Financial Can Help

We handle CRA correspondence on behalf of our clients — reviewing assessments, preparing responses, and filing objections when necessary. Contact us if you've received a notice you're unsure about.