l♦I Canada Revenue

Agency
Agence du revenu
du Canada
Page 1
0152028

WINNIPEG MB R3C 3M2

Notice details
000058651 Social insurance number ' XXX XX9 896

Tax year 2023

Date issued Mar 25, 2024

RAMESH PARAMASIVAM
24HR889T
C-505-255 WESTWOOD ROAD
GUELPH ON NlH 7G8

We assessed your 2023 income tax and benefit return and calculated your balance .

You have a refund of $3,247.17 .

We will deposit your refund into your bank account. ',I}

1,
1

Thank you ,

Bob Hamilton
Commissioner of Revenue 'f

Account summariy
Go paperless!
You have a refund ih the amount shown below. Get your mail online through My Account.

$3,247.17 1 . Log in at canada.ca/my-cra-account.

Refund: 2. Select "Manage online mail".

T451 E (24)X
Canada
 Page 2

Notice details
Social Insurance number XXX XX9 896

Tax year 2023

RAME SH PARAMASIVAM
C - 505 - 25 5 WESTWOOD ROAD
GUELPH ON Nl H 7G 8

Tax assessment
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 you r return later to verify income you reported or deductions or credits you claimed. Fo r more
information, go to canada.ca/taxes-re'flews. Keep all your slips, (eceipts, _§lnd ,other supportjng _docurr~nts
in case we ask to see them . 1
Note, DR (debit) is the amount you owe us and CR (credit) is the amount we owe you .

Summary

Line Description $ Final amount CR/DR

15000 Total income 56,647

Deductions from total income 531
23600 Net income 56,116
26000 Taxable income 56,116
35000 Total federal non-refundable tax 5,237
credits
61500 Total Ontario non-refundable tax 1,287
credits
42000 Net federal tax 3,331 .27
42800 Net Ontario tax 2,428 .59
43500 Total payable 5,759 .86
43700 Total income tax deducted 9,007.03
;48200 ~ Total credits_ -· .. .,. ... ··- . ••# .. ~
9,0Q?:0~ ... ,. - -··•r-

Total payable minus Total credits 3,247. 17 CR

Balance from this assessment 3,247. 17 CR
Direct deposit 3,247.17 CR

Explanation of changes and other important information

We will automatically calculate your goods and services tax/harmonized sales tax credit and any related
provincial credit based on your family net income, province of residence, marital status, and qualified
children . To calculate family net income, we use both your net income and your spouse's or common -law
partner's net income. If you did not report your spouse's or common-law partner's net income, we may be
unable to determine if you qualify for any credit for July 2024 to June 2025.

Your Canada training credit limit for next year is $250.00. This credit will expire at the end of the year you
turn 65 or the year of death .
 Page 3
0152029

Notice details
Social insurance number XXX XX9 896

Tax year 2023

RAMESH PARAMASIVAM
C - 505 - 255 WESTWOOD ROAD
GUELPH ON NlH 7 G8

If you have any questions about your assessment, please call our Individual Tax and Enquiries line at
1-800-959-8281 . For individuals living in the te rritories (area code 867) , call 1-866-426-1527.

, .-
 Page 4

Notice details
Social Insurance number XXX XX9 896

Tax year 2023

RAMESH PARAMASIVAM
C- 505 - 255 WESTWOOD ROAD
GUELPH ON NlH 7GB

RRSP deduction limit and available contribution room statement

References to RRSP contributions also include contributions to your pooled registered pension plan (PR PP)
and to your and your spouse's or common-law partner's specified pension plan (SPP) . For more information,
go to canada .ca/rrsp or see Guide T4040, RRSPs and Other Registered Plans for Retirement.

Your unused RRSP deduction room at the end of 2023

Description $ Amount
RRSP deduction limit for 2023 1,265
Minus: Employer's PRPP contributions for 2023 0
Minus: Allowable RRSP contributions deducted for 2023 0
Equals: Your unused RRSP deduction room at the end of 2023 1,265

Your additional RASP deduction limit earned in 2023

Description $ Amount
18% of 2023 earned income, up to a maximum of $31,560 10,196
Minus: 2023 pension adjustment (PA) 0
Minus: 2023 prescribed amount for connected persons 0
Equals: Additional RRSP deduction limit you earned in 2023 (if negative, will be "O") 10,196

Your 2024 RASP deduction limit

Description $ Amount

Unused RASP deduction room at the end of 2023 1,265

.. .,.. .......
Plus: 'Additional RRSP deduction limit e'a:·n ed in 2o~d . \ - .-;,"'I]

10,196
Minus: 2024 net past service pension adjustment (PSPA) 0
Plus: 2024 pension adjustment reversal (PAR) 0
Equals: RRSP deduction limit for 2024 11,461
Minus: Unused RRSP contributions previously reported and available to deduct for 2024 0
Your available RRSP contribution room for 2024 11,461

Note: If your available RRSP contribution room is a negative amount (shown in brackets), you have no
contribution room for 2024. You may have over contributed to your RRSP and have to pay a 1% monthly tax
on any excess contributions. If you have, you must file a T1 -OVP, Individual Tax Return for RRSP, PAPP
and SPP Excess Contributions, and pay the taxes owing .

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