Close X
Wednesday, December 4, 2024
ADVT 
Interesting

5 Things You Should Know Before Filing 2015 Income Tax Returns

The Canadian Press, 06 Apr, 2016 01:05 PM
    OTTAWA — Five things to know when filing income tax returns this year:
     
    Deadline: The deadline for most Canadians to file their income tax return is normally April 30, but because that falls on a Saturday this year, the Canada Revenue Agency will consider it on time if returns are submitted by May 2.
     
    If you or your spouse or common-law partner were self-employed last year, you have until June 15 to file. But if you owe money, you must still pay it by May 2.
     
     
    Always file a return: Even people who have no income or only made a small amount last year and don't owe any tax should file an income tax return. They may be eligible for a refund or other benefits such as the goods and services tax/harmonized sales tax credit.
     
     
    New this year: The Canada Revenue Agency is making it easier this year to prepare income tax returns. People are allowed to use a new auto-fill service to fill in tax information for 2015, depending on the software they use.
     
     
    Changes: Were there any big changes in your life in 2015? Did you get married, have a child or maybe move across the country to take a new job? These could mean changes in your income tax return this year.
     
     
    Need help?: People don't need to pay an accountant for help doing their tax returns. The Community Volunteer Income Tax Program has been helping Canadians with modest income and a simple tax situation prepare their tax returns for more than 40 years.

    MORE Interesting ARTICLES

    'I Just Got Shot': US Boy Posts Bloody Selfie Immediately After He Was Hit By Arizona Shooting

    'I Just Got Shot': US Boy Posts Bloody Selfie Immediately After He Was Hit By Arizona Shooting
    A 20-year-old US student who was shot in the shoulder decided to post a smiling selfie with the bleeding gunshot wound on social media rather than calling for medical help.

    'I Just Got Shot': US Boy Posts Bloody Selfie Immediately After He Was Hit By Arizona Shooting

    Love Begins To Pour When Men Come Home From Work

    Love Begins To Pour When Men Come Home From Work
    Absence does make the heart grow fonder. This is the outcome of new research that found that the level of the "love" hormone oxytocin increases when people come home after a tiring day at work.

    Love Begins To Pour When Men Come Home From Work

    Informal Email Address Hampers Your Hiring Chances

    Informal Email Address Hampers Your Hiring Chances
    An applicant's email address can greatly impact first impressions and affect one's chances of getting hired, according to a new study.

    Informal Email Address Hampers Your Hiring Chances

    Better Breakfast Leads To Higher Grades In Schools

    Better Breakfast Leads To Higher Grades In Schools
    Reinforcing the connection between good nutrition and good grades, researchers have found that free school breakfasts help students from low-income families perform better academically.

    Better Breakfast Leads To Higher Grades In Schools

    In Battle For Booming Us Coffee Pod Market, It's Giant Keurig Vs. The Recyclables

    In Battle For Booming Us Coffee Pod Market, It's Giant Keurig Vs. The Recyclables
    LINCOLN, Calif. — One measure of how heated the environmental battle has become over coffee giant Keurig Green Mountain's $5 billion-a-year plastic pods is how often the company's opponents use galactic comparisons.

    In Battle For Booming Us Coffee Pod Market, It's Giant Keurig Vs. The Recyclables

    Watching Porn Could Improve Your Sex Life

    Watching Porn Could Improve Your Sex Life
    Watching porn can actually enhance sexual arousal and is unlikely to cause erectile problems, a study from the University of California, Los Angeles and Concordia University has revealed.

    Watching Porn Could Improve Your Sex Life