A notice of assessment is an acknowledgement that your tax return has been received by the Canada Revenue Agency. Many or all of the products on this page are from partners who compensate us when you ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Imagine reclining on your couch, basking in the glow of a recently sold property that brought in substantial income — only to be blindsided by an unexpected tax levy for failure to pay taxes on income ...

If you disagree with how the Canada Revenue Agency has assessed your tax return, you have the proverbial right to your day in court. But in order to get to the courthouse steps (or, in some cases, its ...

Received a tax assessment from SARS that you believe to be incorrect? Whether it was due to a misunderstanding, a calculation error, or missing information on SARS’ side, it’s important to know that ...

Check all important Income Tax deductions under Income Tax Act. Reopening Income Tax Assessment: The Income Tax Assessment Officer cannot send a notice to the assessee for re-opening of the Assessment ...

After you’ve filed your tax return, the Canada Revenue Agency sends a notice of assessment. Learn what information the NOA contains, in the MoneySense Glossary. After you file your annual tax return, ...