National Post

CRA redesigns taxpayer notices

- Jamie Golombek Tax Expert Jamie Golombek, CPA, CA, CFP, CLU, TEP, is the managing director, tax and estate planning, with CIBC Wealth Advisory Services in Toronto.

St arting t his month, the Canada Revenue Agency will begin sending taxpayers a new, simpler, easier- to- read Notice of Assessment ( NOA) to acknowledg­e the acceptance of your 2015 tax return and the amount of refund you can expect (or balance still due!).

Individual­s who qualify for family benefits and/or the quarterly GST/HST credit will also receive a simplified Benefits Notice, beginning in July 2016.

The improved communicat­ion, which came about as a result of a CRA review of internatio­nal best practices, feedback from Canadians and its own external correspond­ence, focused on how the NOA is designed, formatted and written. For example, the CRA is finally moving away from the Courier font (which resembles the letters struck by your grandparen­ts’ manual typewriter) to the Helvetica font, which is widely used in corporate logos and by both the Canadian and U. S. government­s.

The clean, new look of the NOA is part of the government’s commitment to make the CRA more “clientfocu­sed and more helpful to Canadians.”

The redesigned NOA and Benefits Notice display the most important informatio­n on the first page, such as the results of your assessment, your account summary, and what you’re supposed to do with the informatio­n. The content on the NOA has been streamline­d to include only the most important informatio­n.

Last year, the CRA sent out nearly 29 million NOAs to individual­s as well as 23 million benefit and credit notices. Within the next year, the CRA says it will have redesigned approximat­ely 75 per cent of its correspond­ence. The first phase, which was completed in less than 18 months, covered the top 20 pieces of CRA correspond­ence by volume, with the second phase, scheduled for completion over the next two years, covering the CRA’s more customized and technical correspond­ence.

The CRA is also making the majority of its correspond­ence available online through its “My Account” system, allowing you to access much more detailed informatio­n about your taxes and benefits.

Your NOA is important not only because it confirms the amount of tax payable for the year being assessed, but it also starts the clock ticking on the amount of time the CRA has to reassess your return. Under the tax rules, the CRA can adjust your tax return during the three years following the date printed on your notice of assessment.

Newspapers in English

Newspapers from Canada