Filing your tax return every year allows the Canada Revenue Agency (CRA) to determine your entitlement for a refund and benefit and credit payments. These payments put money in your pockets and can help you stretch your budget. This year, you can start filing your income tax and benefit return as of February 19, 2024.
For the 2023 tax-filing season, there were more than 18 million refunds processed, and 78% of them were issued by direct deposit. Canadians who had a tax refund received an average of $2,262. In addition, parents may receive money through the Canada child benefit (CCB) to help with the cost of raising children younger than 18 years of age. The CCB may include the child disability benefit and any related provincial and territorial programs. Don’t miss out!
Here is what you need to know, how to prepare, and what’s new this tax season.
Not sure where to start? Visit our Get ready to do your taxes page for the latest tax information. We have eight steps that will help you prepare to file your tax return. Here are other resources that can help you:
If you need assistance with your taxes, help may be available. If you have a modest income and a simple tax situation, volunteers at a free tax clinic may be able to file your tax return for you. You can visit a free tax clinic in your area, or you can make a virtual appointment. To find out if you’re eligible, and to find a tax clinic, go to the CRA’s Free tax clinics page.
British Columbia
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Manitoba
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New Brunswick
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Newfoundland and Labrador
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Northwest Territories
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Nova Scotia
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Nunavut
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Ontario
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Prince Edward Island
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Quebec
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Saskatchewan
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Yukon
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Sources : www.canada.ca