An annual statement sent by revenue authorities to taxpayers detailing the amount of income tax they owe. It includes the amount of their tax refund, tax credit and income tax already paid.
Investopedia Says:
In Canada, each NOA will include the amount that a taxpayer is able to contribute to a Registered Retirement Savings Plan (RRSP).
Related Links:
Learn how the Canadian government makes saving for your post-work years easy. We take you from your first contribution to your first withdrawal. Registered Retirement Savings Plans (RRSP)
Setting a target amount is the first step. We show you how to calculate your goal and how to reach it. Determining Your Post-Work Income
