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Notice of Assessment Ashok

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0% found this document useful (0 votes)
530 views8 pages

Notice of Assessment Ashok

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 8

Page 1

0851663

WINNIPEG MB R3C 3M2


Notice details
000286895 Social insurance number XXX XX6 640

Tax year 2023

Date issued May 2, 2024


ASHOK ANGRULA
694VL2ZZ
3085 2ND AVE E
VANCOUVER BC V5M 1E7

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

You need to pay $10,416.09 minus any amounts you paid that we have not processed yet.

To avoid additional interest charges please pay by May 22, 2024.

Thank you,

Bob Hamilton
Commissioner of Revenue

Account summary
Payment options
You have an amount due. If you already paid the full You can:
amount, please ignore this request.
- pay online
Amount due: $10,416.09 - pay at your financial institution
For more information, see page 5.
Pay by: May 22, 2024

T451 E (24)X
Page 2

Notice details
Social insurance number XXX XX6 640

Tax year 2023


ASHOK ANGRULA
3085 2ND AVE E
VANCOUVER BC V5M 1E7

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 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.

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 50,988
Deductions from total income 2,324
23600 Net income 48,664
26000 Taxable income 48,664
35000 Total federal non-refundable tax 3,009
credits
61500 Total British Columbia 862
non-refundable tax credits
42000 Net federal tax 4,289.87
42100 CPP contributions payable 3,979.71
42800 Net British Columbia tax 1,679.57
43500 Total payable 9,949.15
43700 Total income tax deducted 0.00
48200 Total credits 0.00
Total payable minus Total credits 9,949.15 DR
Instalment interest 461.25 DR
Arrears interest 5.69 DR
Balance from this assessment 10,416.09 DR
Balance due 10,416.09 DR

Explanation of changes and other important information

We assessed your return and you have a balance due. If you paid this balance and your payment 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 have not paid this balance, you can avoid additional interest charges by paying the full
amount by May 22, 2024. You can view your account balance and statement of account online using My
Account.
Page 3
0851664

Notice details
Social insurance number XXX XX6 640

Tax year 2023


ASHOK ANGRULA
3085 2ND AVE E
VANCOUVER BC V5M 1E7

You can also use the CRA's Individual Tax Account Balance Automated Service by calling 1-866-474-8272.
This service is available seven days a week and allows you to quickly get your account balance and
information about your last payment. You will be asked to provide your social insurance number, your date of
birth, and the amount reported at line 15000 on your tax return.

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. If you qualify for any credit for July 2024 to June 2025, we will let you know in July.

Your Canada training credit limit for next year is $1,250.00. This credit will expire at the end of the year you
turn 65 or the year of death.

Our records show that you had to pay instalments totalling $9,324.22 for the 2023 tax year. We charged you
instalment interest because at least one of your payments was not enough or late.

Your balance due includes arrears interest compounded daily at a set rate. We calculated this interest from
the due date of your balance to the date of this notice.

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 territories (area code 867), call 1-866-426-1527.
Page 4

Notice details
Social insurance number XXX XX6 640

Tax year 2023


ASHOK ANGRULA
3085 2ND AVE E
VANCOUVER BC V5M 1E7

RRSP deduction limit and available contribution room statement


References to RRSP contributions also include contributions to your pooled registered pension plan (PRPP)
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 63,875
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 63,875

Your additional RRSP deduction limit earned in 2023

Description $ Amount
18% of 2023 earned income, up to a maximum of $31,560 9,153
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 "0") 9,153

Your 2024 RRSP deduction limit

Description $ Amount
Unused RRSP deduction room at the end of 2023 63,875
Plus: Additional RRSP deduction limit earned in 2023 9,153
Minus: 2024 net past service pension adjustment (PSPA) 0
Plus: 2024 pension adjustment reversal (PAR) 0
Equals: RRSP deduction limit for 2024 73,028
Minus: Unused RRSP contributions previously reported and available to deduct for 2024 0
Your available RRSP contribution room for 2024 73,028

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, PRPP
and SPP Excess Contributions, and pay the taxes owing.
Page 5
0851665

More information My Account


If you need more information about your income tax and benefit Use My Account to see and
return, go to canada.ca/taxes, go to My Account at manage your tax information online.
canada.ca/my-cra-account, or call 1-800-959-8281. For Make changes to your return, check
individuals living in the territories (area code 867), call your RRSP information, set up
1-866-426-1527. direct deposit, and more. To
register for My Account, go to
canada.ca/my-cra-account.
If you move
Did the Canada Revenue
Let us know your new address as soon as possible. For more Agency really contact you?
information, go to canada.ca/cra-change-address.
Scams disguised as messages from
the CRA often imitate our services
If you have new information and want to and programs to get access to your
change your return: personal information and may
happen by phone, email, text or
- go to canada.ca/change-tax-return for faster service; or instant messages. We do contact
- write to your tax centre, and include your social insurance Canadians, and it is okay to ask
number and any documents supporting the change. To find your questions if you are not sure it is us.
tax centre, go to canada.ca/cra-offices. To learn what to expect if we
contact you, visit
canada.ca/be-scam-smart.
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.

Help for persons with hearing, speech, or


visual impairments
You can get this notice in braille, large print, electronic text, or
audio format. For more information, go to
canada.ca/cra-multiple-formats.

If you use a teletypewriter, you can get tax information by calling


1-800-665-0354.

You can 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/my-cra-account
- in person with your remittance voucher at your Canadian
financial institution or, for a fee, at Canada Post

For more information, go to canada.ca/payments.

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.
Page 6
Page 7
0851666

Notice details
Social insurance number XXX XX6 640
ASHOK ANGRULA
3085 2ND AVE E Tax year 2023
VANCOUVER BC V5M 1E7

Amount Owing Remittance Voucher Protected B


Pay online or at your financial institution when completed
T451 E (24)X
WINNIPEG MB R3C 3M2

Social insurance number

01
Amount due

ASHOK ANGRULA
3085 2ND AVE E Amount paid
VANCOUVER BC V5M 1E7
.

01200500010000000000007294566400000000000010416090120057
Page 8

Teller's stamp

Amount of payment

Personal information (including the SIN) is collected and used to administer or enforce the Income Tax Act Teller's stamp
and related programs and activities including administering tax, benefits, audit, compliance, and collection.
The information collected may be disclosed to other federal, provincial, territorial, aboriginal or foreign
government institutions to the extent authorized by law. Failure to provide this information may result in paying
interest or penalties, or in other actions. Under the Privacy Act, individuals have a right of protection, access
to and correction of their personal information, or to file a complaint with the Privacy Commissioner of Canada
regarding the handling of their personal information. Refer to Info Source at canada.ca/cra-info-source,
Personal Information Bank CRA PPU 005.

Convert to electronic payment

We will charge you a fee for any dishonoured


CANADA REVENUE AGENCY payment.
PO BOX 3800 STN A Do not fold this voucher or use staples, paper clips,
or tape.
SUDBURY ON P3A 0C3
Use this remittance voucher, not a photocopy.
Do not send us cash.

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