Canadians must file their income tax returns with Canada Revenue Agency (CRA) by April 30th each year.. This year is no exception. Late filings can lead to interest and penalties. It is important to file taxes on time 🔛 🇨🇦 !
Filing taxes can seem like a daunting and time-consuming task but it’s essential to do it accurately and on time! Furthermore, make sure you take advantage of any deductions and credits eligible for so that your return is as beneficial as possible 🔛 ️. Thankfully, the CRA website provides loads of helpful information and resources to get you started with filing your taxes 🌍.
If you’re filing your taxes yourself, you’ll need to make sure that you have all the requisite forms and documents ready before you get started . The CRA provides a checklist of the forms and documents that you’ll need to gather before you can start preparing your tax return ️. These documents include your T4 slips from your employer, any receipts from donations or medical expenses, and your Notice of Assessment from the previous year .
The CRA offers several options for filing your taxes, consisting of an online filing service called NETFILE and a paper-based filing system ️. It’s crucial to make sure that you’re filing your taxes accurately because errors can cause a delay in the processing of your return or even an audit from the CRA ️.
If you’re filing your taxes online, you’ll need to make sure that you’re using a secure internet connection and the most recent version of the CRA’s tax software. The software will ask you a series of questions to determine which forms and deductions you’re eligible for, and will generate your return based upon the answers that you provide ️. Once you’ve completed your return you can submit it electronically through NETFILE and your return will be processed within 48 hours .
If you are filing taxes on paper you will need to complete the forms and mail them back to the CRA 🔙 🔛. Keep a copy of your tax return for your records ️. Make sure you send it using a traceable method of delivery ️. It can take up 8 weeks for your return and your refund to get processed 🆙.
Filing taxes can be a stressful experience but it doesn’t have to become ️. By taking the time to make sure that you’re filing your taxes accurately and on time you can make sure that you’re not subject to any unnecessary penalties or delays 🔛. April 30th, 2019 is the last day to file taxes in Canada, so make sure that you get your return in on time! !! 🔛.
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