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Glossary term
NoA fields — що шукати у Notice of Assessment
Key NoA fields to review: RRSP Deduction Limit (next year), Unused TFSA Contribution Room, HBP Repayments Outstanding, Carry-forward Losses (capital), Carry-forward Tuition Credits, Pension Adjustment (if RPP exists). Review on CRA My Account every April.
Related terms
Locked-in Pension
Locked-in Retirement Account (LIRA) — created when transferring from an employer DB/DC pension plan. Cannot w…
RDSP
Registered Disability Savings Plan — tax-deferred account for people with Disability Tax Credit (DTC). Govern…
DTC
Disability Tax Credit — non-refundable federal tax credit for people with severe + prolonged impairment. Appr…
Tax-loss harvesting
Strategy: sell an investment at a paper loss in a non-registered account to realize the capital loss, then bu…
Superficial loss rule
CRA anti-abuse rule: if you sell a security at a loss and re-buy 'identical property' within 30 days (before…
GST/HST registration
Goods and Services Tax / Harmonized Sales Tax registration — federal value-added tax. Self-employed / busines…
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