How to read your Notice of Assessment

Starting in February 2016, you will receive a new Notice of Assessment (NOA) after filing your income tax return.

After you filed your income tax returns, Canada Revenue Agency will send you a Notice of Assessment. It usually takes up to 8 weeks to get it by mail. It is important to keep it on file because you will need it for many purposes such as mortgage loan, student loan application, retirement benefit application and child benefit calculating.

Your Notice of Assessment has important information for your tax planning and is also quite a useful document when preparing your next tax return. It includes:

Refund or balance owing:

The CRA’s Notice of Assessment lets you know if you are getting a refund or if you have a balance owing. You will also see if any corrections have been made to your tax return. For example, if you forgot to claim one of your T4 slip, the CRA will have added it to your tax return and adjust the result accordingly. If you claimed something you shouldn’t, the Notice of Assessment would indicate the change with an explanation. It will also tell you if they have charged any penalties or interest.

RRSP information:

You will see your RRSP deduction limit which represents the maximum amount that you can contribute to your RRSP. You can also see your unused RRSP contribution available for the next tax year.

Repayment required for the Home Buyers’ Plan:

If you have withdrawal money from your RRSP for the Home Buyers’ Plan (HBP), your first repayment starts the second year after the year you withdrew funds from your RRSPs for the HBP. Each year, the CRA will send you a Home Buyers’ Plan (HBP) Statement of Account in the Notice of Assessment to notice you the minimum repayment you have to make.

Tuition, education and textbook carry forward amounts:

If you are a college student and you pay tuition, you should claim your tuition and education amount, which will reduce your taxes when your income is high enough to pay taxes. In your Notice of Assessment, you can see the remaining amount so you can claim it in a future year when you have enough income to use them all up.

Unused net capital losses amount:

If you lost money in investment or business and you claim capital lost in your tax return, in your Notice of Assessment, you may see unused net capital losses amount which can be carried back three years and carried forward indefinitely to be applied against capital gains.

If you lost your Notice of Assessment, you can call CRA or you can sign up for the MyAccount service and access it there.

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Jack did our tax return for last financial year, he possesses a real good understanding of taxes. Very professional and timely services, also helped us post tax filing with questions. I recommend them to anyone who is looking for hassle free tax returns.

Definitely easy as 1 2 3! Had 5 years of back taxes done in no time at all! I would recommend Solid Tax to anyone needing to file.

Jack is professional, quick and very helpful. Highly recommended.

Jack is very helpful and prompt in replying to all the queries.

Jack was as expected, professional quick and very helpful! Best tax filing experience! I've got my new tax person! Highly recommended.

Jack at Solid Tax is incredibly knowledgeable, honest, and does what is best for his customers. He is so kind and friendly. Jack explains things well and doesn't over complicate them, as previous accountants have. I never feel stupid asking him a million questions about my corporation and personal taxes. Leaving his office today gave me such relief knowing I am in good hands, and can trust my accountant.

First time using Solid Tax's services. Very impressed. Fast and efficient. Did my corporate tax filing in 1 week start to finish. Awesome, thanks Jack and Matt! See you next year!

Excellent service. would highly recommend this business, reasonable rates for seniors, honest and very knowledgeable.

Jack is the best tax guy . i highly recommande his bussiness

Fast Friendly and professional, Got answers, as well as my taxes filed for a great price. A great place for newcomers to Canada.

Excellent service!! I saw Matt and was very satisfied with the service I received! Don't waste your money with other bigger known companies, all your tax services can be done at a very reasonable price right here!

Great service and price. Very accommodating and quick.

Jack is very professional, knowledgeable and have a good understanding with tax return, helped with my tax return for three years, highly recommend~

Amazing service. Matt was awesome! This is my second year with Solid Tax and I plan on coming back next year for sure. Thanks again Matt

I landed in Canada in 2016 and since then I am using solid tax service for filling tax returns .Solid Tax is reliable and reasonably price tax consultation organization . They also give plenty of tax saving advice, which is very useful . For every new comer to Ottawa ,i will recommend solid tax.

Very knowledgeable and professional. Matt was very friendly and really knows what he is doing, he spent time and shared his knowledge and experience and provided his guidance and recommendation, very helpful and knowledgeable, would definitely recommend.

Great service. Jack was more the helpful to us. He answer all the questions we have. Thank you so much!

Personable staff, straight forward process, and great price! Can't imagine using another service after this experience. Was out of there in 25 minutes and possibly asked Matt about the total cost 3 times because I couldn't believe how affordable it was.

Jack and Matt are awesome! This is my second year coming to them and they’re quick and efficient :) will definitely return every year!

Mr Tin is very helpful and supportive to his clients and the fees and very fair and affordable!

I had very complex tax refiling. They handle it professionally and successfully. The team is great and respectful and they communicate back and forth easily and quickly. I will be filling my future tax return with Solid Tax

Fast, dependable, friendly, total, spot-on accuracy.. very pleased with service!

Excellent service. very prompt replies to your email!

Excellent work! Very nice person. Will be recommending to all my colleagues!

Great service! Jack has been very patient with me and ensured that I received every dime I was entitled to!

Amazing, quick , efficient services for both personal and businesses. Was referred by my brother and cost is very affordable. !

Jack and his staff are super friendly and knowledgeable about taxes. We have been going to him for 3 years, and cannot say enough about the service he provides.

Jack is awesome very professional very clean environment. Tax are done fast. Thanks Jack see you in 2021

Jack is amazing; very efficient, quick-witted and very helpful. My partner and I did our tax with him as first time customers and it was a very smooth process. Jack completed both of our taxes within the 30 minute allotted time, especially when ours was a bit more complicated. I highly recommend Solid Tax!

Looking for a hassle free tax return this year? Look no further and give Jack a call for ALL your tax needs. Jack is my go to when it comes to my personal taxes each year, he is able to quickly and efficiently complete my tax returns, explain and answer my questions with patience (as I often have many questions), and most of all he is extremely personable. Thanks Jack for all your help!

Solid Tax Inc is our go to tax expert Always super fast and efficient They always respond quickly and deliver excellent results at a price that is more than fair I would not even consider going elsewhere awesome service! I would recommend to anybody looking for great service at a great price 👍😎👍

Really good and quality service and very reasonable fee. Defiantly I will continue to file my company tax through Solid Tax and also I will highly recomand Solid Tax service to others.

Best service and quickly done the tax. Also I did the business tax too. So helpful and provide the good checklist. Thank you so much.

We have been using Solid tax for several years. This will be our last year. Not so friendly and certainly not helpful this time around. I come to them for help w/ our taxes, Jack seemed very impatient and annoyed this year. A little courtesy and patience goes a long way. You are the one helping us w/ our tax challenges, it should not be a burden nor annoyance to you.

After searching around Toronto and finding really expensive pricing for filing taxes. I decided to look at Ottawa. I came across Solid tax Inc and saw really great reviews for them so I booked my train ticket home and filed my taxes 2 years ago with them. They are very fast and really nice people I was in and out of the office in less then 20 mins. I still filed with them this year during the covid 19 pandemic buy email as their office was closed. It only costed me 35$ which you can't find prices like this anywhere these days 😊I will continue to file my taxes with them every year from now on.

Jack was as expected, professional quick and very helpful! Best tax filing experience! I've got my new tax person! Highly recommended.

Great price. Super friendly. I would highly recommend Solid Tax.

Simple, accommodating, knowledgeable and reliable. We've come back 3-years now. Very satisfied :)

Taxes made simple. Totally recommend Solid Tax to help you.

Jack saved my life. I hated tax time and that blue booklet (back in the day), seemed so daunting. I am self employed so add that to my fear of number crunching. Jack makes it simple for me. I get him what he needs to do his job and he gets back in a very timely manner. He's polished and professional in his explanations and his work is efficient and thorough. It's what one would want out of an excellent accountant.

This service was amazing. They responded immediately to my request for help and had everything completed and submitted in record time. Fast, efficient service, and they answered all my questions. Will definitely return to them next year and would highly recommend them .

for his age , he was very educated in the past tax years filing proceedores, which was why I went ot him . he did hours of paper work with out any mistakes an made my problem simple and finished . I tried countless income tax offices and was given prices that wher over 4 ,000 bucks , we finish at under a $100 SO i GAVE HIM A GOOD TIP

I only post reviews for exceptional service! Very friendly, very intelligent and easy to understand. I have been filing with H&R Block for years but will switch now - recommend everyone to do they same.

Great experience using Solid Tax to file my taxes. They were very quick to help with anything I needed, and I highly recommend this company.

I have had the pleasure of Mr Jack Liu's vast experience and expertise to file my personal taxes and he has done so in a very expedient manner, always very kind and extremely welcoming to myself and clients new and old. Keep up the excellent work Jack!

A+ Service. He helped out with my corporate taxes quickly and easily. I'll hire him again for my other business as well.

Very satisfied on my tax return being filed at this location. The staff is very knowledgeable and all my questions and concerns were answered. I would recommend people to use this service. One thing I have to mention is that I used other tax services in the past and I always felt like I was being ripped off by the amount they were charging me. Solid Tax has great prices which will fit your budget. So for anyone looking to file their taxes at a great price with great service give this place a call,you will not be disappointed.

Excellent service, cannot recommend them enough! Booking process was easy - done online with options for a phone call or in-person. Amanda Du was amazing. Affordable and seamless. In the past I’ve had terrible experiences/services with other tax places and regretted it with all the mistakes and lack of communication/follow up. I recommend Solid Tax to anyone!

Again (as done in past years) Jack completed/finalized my families tax returns (5 total). This year was no different and once again, Solid Tax Inc came through and did a superior/outstanding job. Fast, efficient, thorough and a great price. Jack informed me of all my government tax credits (which I did not know) and included them in my the returns. Had I completed these returns myself, the family would have lost out on these benefits and these credits would have been a gain to the Government. Will I go back and see Solid Tax Inc next filing season. ABSOLUTELY.

Very good service at most reasonable fee. Very customer friendly with fast and convenient service. One year I did over the phone and this year in person and in both cases I was very satisfied.

Solid tax is simply the best tax service in town! They helped us sort through a huge backlog of many years of missed tax filings and other tax issues in a matter of days! I love that they keep their clients on file, making annual tax filings super easy without us having to supply all the information year after year. Price is super reasonable too! Highly recommend!

They are very professional and always efficient! I have done my taxes with them for years and I have always been satisfied with their services. They always respond pretty quickly to emails which I like! Will always come back . Thank you 😊

Moses is the guy I dealt with, and he’s super friendly and knowledgeable. Was in no rush and was able to answer all the questions I had. Exceptional and efficient service, at a very affordable price. Thank you for helping out! I definitely recommend Solid Tax to anyone who needs to file their taxes!

Top notch 10/10 service from Jack Liu at Solid Tax Inc. Super friendly environment and unreal pride in his work. I was behind on my taxes and Jack got me caught up, saving me money on penalties. Top quality work and would recommend to anyone. Was so happy to be referred to Jack by a friend. Delivered in a very timely manner, look forward to using Solid Tax Inc's service year after year.

We have had a great experience with Solid Tax over the past 3 years. Zi is so efficient, we can do it over the phone, and they help us maximize our return as a couple. And the fees are very affordable.

Highly recommending Solid Tax Inc. Thank you Matt for your work! And rapid and thorough processing of my taxes! When researching tax companies - already the website of Solid Tax Inc. is outstanding for professionalism and simplicity which encouraged my confidence in this company. This first impression confirmed through professional and rapid service, easy process and the price is right. Thanks again.

THE BEST Tax Filers in OTTAWA 💯 Called them over the phone first time N the representative Matt Zuo filed my Tax in just 25 minutes. OMG ! I must say Matt was so Welcoming, Professional, n guided me thoroughly thorough the whole process in a very courteous way. These guys have very reasonable prices N Best in Canada. Super Highly recommended for Tax Filing Canada. Much Appreciated 💯💯✌️✌️😇 Keep up the Good work Guys 👌

Solid Tax. is a Solid way of filling for my business. Quick, efficient very cost effective and up to speed! I highly recommend them!

Solid Tax have a phenomenal team of experts ready to get your tax done at an extremely reasonable price Highly suggest you go see Matt Or any of the experts there.

Solid Tax receives my highest possible recommendation. Tax preparation is not fun, but at least with Solid Tax, it is as easy as it can be. If you have one year or many years to file, Solid Tax can do it for you. We feel extremely fortunate to have found this company amongst the myriad of options in the tax return preparation market. Solid Tax took care of our multi-year, joint returns and did so in an extremely expeditious and cost effective manner (even during peak tax-filing time). Solid Tax supports "traditional" in person tax preparation processes and has also refined a 100% digital methodology (very efficient and trouble free). We've used both methods. We could not have found a better place to make preparing/filing our taxes 100% stress free!

I highly recommend Solid Tax to anybody. Zitian has been taking care of me and my family for the past several years, he is quick and efficient. Saves us the hassle of doing taxes and very affordable too!! This team is amazing!

Amazing service! They’ve been helping me with my taxes for the past two years and I love their service. The representatives are very knowledgeable and professional in the way they conduct their business. Highly recommended!

I just wanted to write this review to express my sincere gratitude for the exceptional tax services that you have provided me with over the past eight years. As a loyal customer, I cannot express enough how grateful I am for the professionalism and expertise that your team has consistently demonstrated. I have always been impressed by the way your team handles my tax-related queries and concerns. Your timely and accurate assistance has given me peace of mind knowing that my taxes are in good hands. I would particularly like to thank the owner Jack and his employee Zi, who have always gone above and beyond to assist me with my tax-related matters. They have always been patient, courteous, and have demonstrated a deep understanding of tax laws and regulations. They have been instrumental in ensuring that my taxes are filed accurately and on time, and I cannot thank them enough. Overall, I am extremely happy with the quality of services that Solid Tax provides. Your team's expertise, professionalism, and commitment to customer satisfaction have earned my trust and loyalty. I would not hesitate to recommend your services to anyone who needs expert tax assistance. Thank you again for all that you do, and I look forward to continuing my business relationship with Solid Tax for years to come.

Rude guy jack once he gained a lot of clients he became very rude. You can’t even talk to this guy. I don’t recommend them for nobody and all me and my family members will go elsewhere to do our taxes.

Very economical and professional service provided by Solid Tax for over five years to me and my family. Jack is a very knowledgeable consultant and takes his time doing your return. Has given me some really good advice over the years.

Jack was so knowledgeable, he filed our tax in no time, and he was very cheap! The interaction and the service were great! I’ll surely Bring him lots of customers.

Where do I start, we went in to get our taxes done in a 30 minute appointment slot and the guy was extremely passive. Anytime we tried to explain our expenses so he could compute it, he would interrupt and say "you don't need to tell me all this, just give me a number." I was honestly shocked. Mind you, we paid $160 for a 20 minute appointment for a guy who didn't even want to listen to anything we were saying. Because of this, we were extremely rushed to just come up with numbers in our heads to give him. He interrupted us so many times and even called us "greedy" at one point because we said we pay more than $90 on our phone bill. We ended up owing way more in taxes than whenever we go to other accountants, it didn't really make sense honestly as we always do them properly. (There are a lot of things he didn't claim because he didn't want to and was just rushing us). I really really wouldn't recommend this place, genuinely. There's a lot of better accountants in the same building, go there instead. I regret the $160 we spent here and would have preferred paying more elsewhere for someone who would listen to what we were saying. Also please note, the business replied to my review stating we arrived late when this is absolutely UNTRUE. We arrived to our appointment 5 minutes early and had to sit there waiting for 10 minutes because YOU ran overtime with the clients before us. You guys are the ones that gave us less time for our appointment, not us. And if you know doing 2 years of taxes will take more than one appointment, you could've just let us know and we could've just filed one year during this appointment. I obviously know you will defend your business at all costs, but I absolutely do not appreciate you LYING to defend your business.

Jack at Solid tax was awesome. We’ve been using their services for the past 3 years and they made from a this dreadful and daunting task, a breeze! Solid tax staff are so professional and organised that they make it super easy, quick and painless for us even though we file taxes in two provinces simultaneously. Excellent customer service, patient, knowledgeable, take the time to understand your situation and your needs, way to go Solid Tax, keep up your good work!

I enjoy working with Solid Tax, over multiple years of working with them my income tax is filed quickly and with good communication. I have always had my documents prepared and easy to understand for an enjoyable experience. If you ever need to know how to be best prepared, call in advance to see what information they’re looking for. Thank you Kate Zhang for helping me with my 2023 income tax. I will be contacting you for my next year of income tax to be filed.

Jack has gone above and beyond to help me, he is quick and efficient and very knowledgeable! Everyone I have experienced at the office is so nice and willing to help. Very thankful for the team at Solid Tax!

I recently had my income tax filing completed by Solid Tax, Mr. Zi Tian Zhang, and I couldn't be more pleased with the experience. The booking process was straightforward, and I was able to find a convenient time without any hassle. The location is also great, with nearly free parking available in a mall right next to the building. Mr.Zi made the entire filing process incredibly quick and stress-free. He was professional, efficient, and provided valuable advice on financial matters, which was a bonus. I left feeling confident that my taxes were in good hands. Overall, I highly recommend Solid Tax - Mr. Zi for anyone looking for a reliable and efficient accountant. The service was top-notch, and I will definitely be returning for future financial needs.