# Notice of reassessment

## Notice details

Address:
Address Line 1
Address Line 2
Address Line 3
Social insurance number: XXX XX5 364
Tax year: 2017
Date issued: Mar 13, 2020
Tax centre: SUDBURY ON P3A 5C1
Access code: NG3VQ7TH

We reassessed your 2017 income tax and benefit return and recalculated your balance.
You need to pay $7,657.89 minus any amounts you paid that we have not processed yet.

Thank you,
Bob Hamilton
Commissioner of Revenue

## Tax reassessment

We calculated your taxes using the amounts below. The following summary is based on the information we have or you gave us.
We may review your return later to verify income you reported or deductions or credits you claimed. For more information, go to canada.ca/taxes-reviews. Keep all your slips, receipts, and other supporting documents in case we ask to see them.

### Summary

Line | Description | $ Amount on last assessment | CR/DR | $ Final amount | CR/DR
--- | --- | --- | --- | --- | ---
150 | Total income | 128,947 |  | 128,947 |
| Deductions from total income | 25,646 |  | 9,266 |
236 | Net income | 103,301 |  | 119,681 |
260 | Taxable income | 103,301 |  | 119,681 |
350 | Total federal non-refundable tax credits | 3,110 |  | 3,110 |
6150 | Total Newfoundland and Labrador non-refundable tax credits | 1,369 |  | 1,369 |
420 | Net federal tax | 16,172.16 |  | 20,430.96 |
428 | Net Newfoundland and Labrador tax | 12,740.80 |  | 15,328.84 |
435 | Total payable | 28,912.96 |  | 35,759.80 |
437 | Total income tax deducted | 0.00 |  | 0.00 |
| Subtotal credits | 32,816.88 |  | 32,816.88 |
482 | Total credits | 32,816.88 |  | 32,816.88 |
| Subtotal (Total payable minus Total credits) | 61,729.84 | DR | 68,576.68 | DR
| Change to tax payable (Final subtotal minus last subtotal) |  |  | 6,846.84 | DR
| Adjustment to arrears interest |  |  | 811.05 | DR
| Balance from this reassessment |  |  | 7,657.89 | DR
| Balance due |  |  | 7,657.89 | DR

#### Explanation of changes and other important information

We will send you an explanation of this reassessment within 10 days.

We changed your RRSP/PRPP deduction from We changed your RRSP/PRPP deduction from $21,872 to to $5,492, which is the maximum allowed. The maximum deduction is either your total RRSP/PRPP contributions or your RRSP/PRPP deduction limit, whichever is less., which is the maximum allowed. The maximum deduction is either your total RRSP/PRPP contributions or your RRSP/PRPP deduction limit, whichever is less.

You may have to pay a tax of 1% per month on your RRSP/PRPP excess contributions because your unused RRSP/PRPP contributions are more than your RRSP/PRPP deduction limit for 2018, as noted on "Your 2018 RRSP/PRPP Deduction Limit Statement". For more information, see Guide T4040, RRSPs and Other Registered Plans for Retirement.

We charged you arrears interest of $811.05 on the balance you owe. We calculated this interest to the date of this notice.

You can avoid more interest charges if you pay the balance due by April 2, 2020.

If you have questions about your reassessment, please call our Individual Tax and Enquiries line at 1-800-959-8281.

#### RRSP deduction limit statement

For more information about the details listed below or how employer contributions to a PRPP or group RRSP will affect your contribution room for the year, go to canada.ca/rrsp or refer to Guide T4040, RRSPs and Other Registered Plans for Retirement.

Description | $ Amount
--- | ---
RRSP deduction limit for 2019 | 1,497
Minus: Employer's PRPP contributions for 2019 | 0
Minus: Allowable RRSP contributions deducted for 2019 | 0
Plus: 0.18% of 2019 earned income, up to a maximum of $26,500 | 0
Minus: 2019 pension adjustment | 0
Minus: 2020 net past service pension adjustment | 0
Plus: 2020 pension adjustment reversal | 0
RRSP deduction limit for 2020 | 1,497
Minus: Unused RRSP contributions previously reported and available to deduct for 2020 | 16,633
Available contribution room for 2020 | (15,136)

Note: If your available contribution room is a negative amount (shown in brackets), you have no contribution room available for 2020 and may have over contributed to your RRSP. If this is the case, you may have to pay a 1% monthly tax on any excess contributions.

## More information

If you need more information about your income tax and benefit return, go to canada.ca/taxes, go to My Account at canada.ca/guide-my-cra-account, or call 1-800-959-8281.
To find your tax centre, go to canada.ca/cra-offices.

### If you move

Let us know your new address as soon as possible. For more information on changing your address, go to canada.ca/cra-change-address.

### If you have new or additional information and want to change your return:

- go to canada.ca/change-tax-return for faster service; or
- write to the tax centre address shown on this notice, and include your social insurance number and any documents supporting the change.

### If you want to register a formal dispute:

- go to canada.ca/cra-complaints-disputes; you have 90 days from the date of this notice to register your dispute.

### Definitions

DR (debit) is the amount you owe us and CR (credit) is the amount we owe you.

### Help for persons with hearing, speech, or visual impairments

You can get this notice in braille, large print, or audio format. For more information about other formats, go to canada.ca/cra-multiple-formats.If you use a teletypewriter, you can get tax information by calling 1-800-665-0354.

### How do you pay?

- online or by phone using a Canadian financial institution's services
- online at canada.ca/cra-my-payment
- online by setting up a pre-authorized debit agreement at canada.ca/guide-my-cra-account
- in person with your remittance voucher at your Canadian financial institution or, for a fee, at Canada Post
For more information on how to make a payment, go to canada.ca/payments.

### Need more time to pay?

If you cannot pay in full and you would like more information, go to canada.ca/cra-collections.
To discuss a payment arrangement, call the CRA at 1-888-863-8657, Monday to Friday (except holidays) from 7:00 a.m. to 11:00 p.m. Eastern time.