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0484718

SUDBURY ON P3A 5C1

Notice details
000158429 Social insurance number XXX XX3 307

Tax year 2023

Date issued May 9, 2024

KISHAN MISTRY
NF8VJ54B
D-281 CRAIG HENRY DR
NEPEAN ON K2G 4C8

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

You have a refund of $4,583.72.

We will deposit your refund into your bank account.

Thank you,

Bob Hamilton
Commissioner of Revenue

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

Refund: $4,583.72 1. Log in at canada.ca/my-cra-account.

2. Select "Manage online mail".

T451 E (24)X
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Notice details
Social insurance number XXX XX3 307

Tax year 2023

KISHAN MISTRY
D-281 CRAIG HENRY DR
NEPEAN ON K2G 4C8

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 50,915
Deductions from total income 570
23600 Net income 50,345
26000 Taxable income 50,345
35000 Total federal non-refundable tax 7,552
credits
61500 Total Ontario non-refundable tax 758
credits
42000 Net federal tax 0.00
42800 Net Ontario tax 2,429.88
43500 Total payable 2,429.88
43700 Total income tax deducted 7,013.60
48200 Total credits 7,013.60
Total payable minus Total credits 4,583.72 CR
Balance from this assessment 4,583.72 CR
Direct deposit 4,583.72 CR

Explanation of changes and other important information

You have to close all your FHSAs on or before December 31 in the year of the 15th anniversary of opening
your first FHSA. For more information, go to canada.ca/fhsa.

Based on this assessment, you have unused federal tuition, education, and textbook amounts of $2,878 that
you can carry forward to later years. To make sure we calculate your unused amounts correctly, you need to
file a return each year, even if you have no income to report.
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0484719

Notice details
Social insurance number XXX XX3 307

Tax year 2023

KISHAN MISTRY
D-281 CRAIG HENRY DR
NEPEAN ON K2G 4C8

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 $250.00. This credit will expire at the end of the year you
turn 65 or the year of death.

We got your application for the 2024 Ontario energy and property tax credit. We will let you know if you
qualify for this credit.

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.
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Notice details
Social insurance number XXX XX3 307

Tax year 2023

KISHAN MISTRY
D-281 CRAIG HENRY DR
NEPEAN ON K2G 4C8

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 3,090
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 3,090

Your additional RRSP deduction limit earned in 2023

Description $ Amount
18% of 2023 earned income, up to a maximum of $31,560 9,091
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") 9,091

Your 2024 RRSP deduction limit

Description $ Amount
Unused RRSP deduction room at the end of 2023 3,090
Plus: Additional RRSP deduction limit earned in 2023 9,091
Minus: 2024 net past service pension adjustment (PSPA) 0
Plus: 2024 pension adjustment reversal (PAR) 0
Equals: RRSP deduction limit for 2024 12,181
Minus: Unused RRSP contributions previously reported and available to deduct for 2024 0
Your available RRSP contribution room for 2024 12,181

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.
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0484720

Notice details
Social insurance number XXX XX3 307

Tax year 2023

KISHAN MISTRY
D-281 CRAIG HENRY DR
NEPEAN ON K2G 4C8

First home savings account (FHSA) participation room

statement
Your first FHSA was opened in 2023.

Description $ Amount
Your FHSA participation room for 2023 8,000
Total contributions to your FHSAs in 2023 100
Total transfers from your RRSPs to your FHSAs in 2023 0
FHSA participation room for 2023 minus total contributions and transfers (go to 7,900
Note 1)

Your FHSA participation room for 2024 15,900

Your FHSA contributions for 2023

Contributions to your FHSAs in 2023 before your first qualifying withdrawal 100
Minus: Total designated withdrawals from your FHSAs in 2023 0
Minus: Your FHSA deduction for 2023 100
Equals: Your unused FHSA contributions available to deduct in future years (go to 0
Note 2)

Information to be included on your 2024 Schedule 15

Variable "B" amount of your annual FHSA limit for 2023 0
Your FHSA carryforward for 2024 7,900
Total transfers from your RRSPs to your FHSAs in 2023 0
Total designated transfers from your FHSAs to your RRSPs or RRIFs in 2023 0
Your annual FHSA limit for 2023 100
Your FHSA deduction for 2023 100
Your unused FHSA contributions available to deduct in future years 0

Note 1: If the amount on this line is in brackets, you may have an excess FHSA amount subject to a tax of
1% per month on the highest excess FHSA amount in that month. If you have an excess FHSA amount, you
must file an RC728, First Home Savings Account (FHSA) Return, and pay the taxes owing. For more
information, go to canada.ca/contribute-transfer-too-much-fhsa.
Note 2: If you have an excess FHSA amount, you may not be able to fully deduct this amount in future
years.
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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.