This section shows you the result of your assessed or reassessed tax return. This may be a refund, a zero balance, or a balance owing. The amount we show includes any outstanding balances you may owe from previous returns.

The account summary may also show the result from concurrent assessments or reassessments.

Example of an account summary

The system will generate the applicable account summary based on your (re)assessed tax return.

• If you have a refund, this section will show the amount of the refund. If you’re signed up for direct deposit, your refund will be automatically deposited into your bank account. If you did not sign up for direct deposit, the cheque will be sent to you separately in the mail.
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  Account summary

  You have a refund in the amount shown below.

  Refund: $568.85

  Go paperless!

  Get your mail online through My Account.

  1. Log in at canada.ca/my-cra-account.
  2. Select "Manage online mail".

• If you have no refund or balance owing, this section will show a zero (nil).
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  Account summary

  You have no amount to pay as a result of this assessment.

  Refund: Nil

  Go paperless!

  Get your mail online through My Account.

  1. Log in at canada.ca/my-cra-account.
  2. Select "Manage online mail".

• If you have a balance owing, this section will show an amount due, pay by date and payment options. The amount we show includes any outstanding balances you may owe from previous returns. If you made a payment but it is not appearing on this notice, please note it may take up to 10 business days for your payment to be reflected in our system. If you pay your “amount due” by the “pay by date”, there will be no interest charged.
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  Account summary

  You have an amount due. If you already paid the full amount, pleas ignore this request.

  Refund: $404.29

  Pay by: May 15, 2024

  Payment options

  You can:

  • Pay online
  • Pay at your financial institution

  For more information, see page 5.

Concurrent assessments and reassessments

When you file several consecutive-year returns at the same time (for example, you file your 2021, 2022, and 2023 returns together), we will assess all your returns at the same time, as concurrent assessments. The overall balance appears in the account summary on the last notice of the series.

When you send us new information that changes your returns for several consecutive years, they will be processed as concurrent reassessments.

This section lists the main lines on your assessed tax return. Next to each line are the amounts we used to calculate your balance.

Compare these amounts to the ones on your return to see where we made changes, if any.

This section also shows any penalty and interest we calculated on your refund or amount owing. If you have a balance owing from a previous assessment, it will also appear here.

Example of a summary

This section explains in detail the changes or corrections we made to your tax return.

These changes are based on the information sent with your return and the information we have on file.

If you have new or additional information you want to send us to change your return, see How to change your return.

If you disagree with your assessment or reassessment, and want to register a formal dispute, see Complaints and disputes. You have 90 days from the date of the notice to register your dispute.

This statement shows your deduction limit for your Registered Retirement Savings Plan (RRSP).

Deduction limit

Your deduction limit is the amount of RRSP contributions you can deduct for the next year.

Your statement also shows how we calculate your deduction limit, which is based on information you sent us with your previous tax return and information we have on file.

Available Contribution Room

The last line of the statement gives your available contribution room. This is the maximum amount you can contribute for next year.

It is your deduction limit minus any unused RRSP contributions you reported in past years. Your unused contributions appear on your statement.

If the total RRSP contributions (current and unused) that you claim on your return are less than your deduction limit, you have available contribution room.

Excess Contribution

If your RRSP contributions are more than your deduction limit, you have an excess of contributions. You may have to pay tax on this amount.

For more information on RRSP contribution and deduction rules, see How contributions affect your RRSP deduction limit.

Example of a RRSP deduction limit and available contribution room statement

Example of More information

If you participate in the Home Buyers’ Plan (HBP), you will see your HBP statement on your notice of assessment or reassessment.

It shows your remaining balance to repay, and your minimum required repayment for the next year.

Your minimum required repayment is a portion of the balance you have left to repay. If you pay less than the minimum amount, you will have to include the difference as RRSP income on your return.

For more information about the HBP, see What is the Home Buyers' Plan?

Example of a HBP statement

If you participate in the Lifelong Learning Plan (LLP), you will see your LLP statement on your notice of assessment or reassessment.

It shows the balance left to repay, and the minimum required repayment for the next year.

Your minimum required repayment is a portion of the balance you have left to repay. If you pay less than the minimum amount, you will have to include the difference as RRSP income on your return.

For more information on the LLP works, see Lifelong Learning Plan (LLP).

Example of a LLP statement

If you opened a First Home Savings Account (FHSA) in the year or in the previous year, you will see your FHSA participation room statement on your notice of assessment or reassessment.

It shows your FHSA participation room for the next year and your unused FHSA contributions that you can claim as a deduction in future years.

For more information about the FHSA, go to First Home Savings Account (FHSA).

FHSA participation room

Your FHSA participation room for the year is the maximum amount that you may contribute or transfer to your FHSA in the year without creating an excess FHSA amount.

The statement gives you your available FHSA participation room for next year, which is based on information you sent us with your previous tax return and information we have on file.

Unused FHSA contributions available to deduct in future years

Your unused FHSA contributions that you can deduct for future years is also shown in your statement. This is based on the information you sent us with your previous tax return and information we have on file.

If you have an excess of FHSA contributions, you may not be able to fully deduct this amount in future years.

Excess FHSA amount

If the total of your contributions or transfer to your FHSA in a year is more than your FHSA participation room for that year, you may have an excess contributions. You may have to pay tax on this amount.

For more information about excess FHSA contributions, go to What happens if you contribute or transfer too much to your FHSAs.

Example of a FHSA participation room statement

When you have a balance owing, a remittance voucher will be included with your notice of (re)assessment. In order for the CRA to apply your payment correctly, this personalized voucher must accompany payments you make in person at financial institutions, and should be included with payments you send to the CRA by mail.

Please note banks and credit unions do not accept photocopies of remittance vouchers.

For more information go to Remittance vouchers and payment forms - Payments to the CRA.

Example of a remittance voucher