Fellow Winnipeggers the time has come, it’s income tax time! The end of 2018 marks the beginning of new deductions for employees. Canada Pension contributions are going up but Employment Insurance premiums are going down.
The Canada Revenue Agency (CRA) opened its electronic filing service Monday for 2018 income tax and benefit returns. If you didn’t prepare your paperwork before, now is the time to deal with it.
Last year nearly 30 million Canadians filed their taxes for 2017. Of those, more than 25 million Canadians filed electronically, while fewer than 4 million filed via paper. Such a statistic shows that more and more people do their tax returns forms online. The process is easy, just follow step-by-step instructions, and it is much, much faster to do it online at any time of the day or night, that is comfortable for you.
The deadline to file your taxes and pay any balance owing is April 30. While that might sound like a lot of time to get your receipts and tax slips in order, there are a few advantages to getting your paperwork in much sooner.
To find out how much you can claim, please visit a link below for tax information for individuals, businesses, charities, and trusts:
www.canada.ca/en/revenue-agency/services/tax