Filing taxes in Canada can get you a bunch of money — Here's how much

Filing taxes in Canada can get you a bunch of money — Here's how much

Filing your taxes in Canada might sound like a chore, but you might be surprised how much money you could be entitled to in return.Canada's tax-filing deadline is today — Wednesday, April 30 — and if you haven't filed your 2024 income tax return yet, it's not too late.The Canada Revenue Agency (CRA) says the average refund for returns processed so far this year is over $2,100, and that's just the beginning. If you haven't filed your tax return y…

It’s tax deadline day for most Canadians. Why it’s important to file now - National

Late tax filers could see a five per cent penalty on their balance owing and an additional one per cent for each full month that they delay filing after the due date.

Taxes due by end of day Wednesday, April 30

The deadline to file your taxes is 11:59 p.m. Wednesday, April 30, and tax experts say you should make sure you get it done so you don’t incur any penalties. Gerry Vittoratos from U-File says it has never been easier to get your taxes done quickly and there are a number of reasons why you shouldn’t procrastinate. “Whether you have a refund or a balance owing, it’s important. I mean, obviously the more critical one is the balance owing. So if you…

It’s tax deadline day for most Canadians. Why it’s important to file now

By Staff The Canadian Press Posted April 30, 2025 7:39 am 1 min read Descrease article font size Increase article font size For most Canadians, Wednesday is the last day to file your taxes which is especially important if you need to avoid late penalties and interest on amounts owing. The deadline for self-employed workers to file to the Canada Revenue Agency is June 16, though interest on any outstanding b…

For most Canadians, Wednesday is the last day to file their taxes, which is especially important to avoid late penalties and interest on amounts owed. The deadline for self-employed individuals to file their return with the Canada Revenue Agency (CRA) is June 16, but interest on any outstanding balance starts to run as of Thursday. Late filers may be subject to a penalty of 5% on their balance due and an increase of 1% for every full month that …

People owing money to CRA have until the end of the day to pay their taxes

Today is Income Tax day in Canada. People owing money to Canada Revenue Agency need to pay their taxes by the end of the day today or be slapped with a 5% penalty on the amount owing. Filing your taxes is also important to receive benefits, like the Canada child benefit and GST credit. You can find lots of tax info on the CRA website.