Notice of Assessment (NOA)
A Notice of Assessment (NOA) is an annual tax statement provided by the Canada Revenue Agency (CRA). It includes information about an individual’s taxable income for the most recent tax year, any taxes owed, taxes paid, tax refund amount and RRSP contribution room.
Lenders usually request the last two years of NOAs for Borrowers who are Self-Employed or earning commission income.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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