The Notice of Assessment informs the taxpayer or GST/HST registrant of any corrections CCRA has made to the returns or rebate applications, and includes a reassessment. 

Also Known As: No aliases.

Examples: After the Canada Revenue Agency has reviewed your income tax, they will send you a notice of assessment.

Alternate Spellings: None.

Common Misspellings: Notice of assesment, notice of asessment.

Related Resources:

GST and HST Resources
Information about the GST (Goods and Services Tax) and HST and how the GST and HST apply to Canadian small businesses.

Maximize Your Business Income Tax Deductions
This first installment of getting ready for tax time covers keeping track of your receipts, deductions related to the cost of doing business, and deductions for home-based businesses.

More Ways to Maximize Your Business Tax Deductions
Covers vehicle expenses, travel-related expenses, employing your child or spouse in your business, advertising expenses, and the kind of expenses that fall into the CRA's 'other' category.

One-Stop Tax Index
Index of Canadian tax-related articles by Susan Ward and useful CRA links for small business owners.

Elsewhere on the Web:

Business and Professional Income Guide
Page to download CRA's detailed tax guide for professionals and small business owners.

Corporate Income Tax
Page providing page provides links to information about corporate income tax from CRA.