Did you know that according to a report on Global news we pay 42.5% of our income in tax? That's a sobering thought so we need to make sure that we know about any new deductions that can be claimed on our return.
The 2019 tax filing season was off and running on February 19th, the official day when the CRA began processing returns. According to the CRA, improvements have been made to ensure that tax-filing is a user friendly, fast, easy and secure process. There have been improvements to their call-centres, featuring improved accessibility for callers. When you call you will now get an estimated wait time, so you can decide to wait, call back or use the self- serve options that are available. Call-centre agents have also received improved training to enable them to better answer questions from callers.
For most of us the filing deadline is April 30th but If you are self-employed you usually have until June 15th to file. However, as this date falls on a Saturday, you get two extra days! Returns are due by midnight July 17th; however, any balance owing is still due by April 30th.
So, what else is new for individuals and families in 2019?
For more information about filing your taxes in 2019 see the CRA website at https://www.fin.gc.ca/n18/data/18-123_1-eng.asp
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