Published 10 days ago • loading... • Updated 8 days ago

Credits to remember and errors to avoid as tax filing season gets underway

Tax-Filing season officially opens with Netfile on Monday, and the deadline is April 30, while self-employed individuals have until June 16.
A delay has been announced for the capital gains inclusion rate, remaining at 50% for all capital gains until 2026.
Tax specialist Yannick Lemay warns that missing the filing deadline can result in lost credits and benefits, even for those with no income.
The Canada Revenue Agency noted that taxpayers must file their returns even with no income to claim benefits like the Canada Child Benefit and the GST/HST tax credit.

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Credits to remember and errors to avoid as tax filing season gets underway

It’s the time of the year again to gather your receipts and hope for a big refund. The official opening of tax-filing season gets underway with electronic filing service Netfile set to open on Monday. When you start preparing your return, do the “messy part” first, according to Brian Quinlan, a partner and chartered professional […]

9 days ago·Toronto, Canada

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Investment Executive

Tips and caveats as an unusual tax-filing season begins

CRA provides more time to issue tax slips, corporations no longer get penalty relief The post Tips and caveats as an unusual tax-filing season begins appeared first on Investment Executive.

10 days ago

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