Close X
Sunday, November 24, 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

    Lesbian, Gay, Bisexuals Face More Mood, Anxiety Disorders

    Lesbian, Gay, Bisexuals Face More Mood, Anxiety Disorders
    Gay, lesbian and bisexuals experience more mood and anxiety disorders than other people, says a new study, adding that they are more likely to turn to heavy drinking.

    Lesbian, Gay, Bisexuals Face More Mood, Anxiety Disorders

    Shakespeare Offers Insight Into Trans Struggles, Experience: Scholar

    Shakespeare Offers Insight Into Trans Struggles, Experience: Scholar
    Mary Ann Saunders, an English professor at the University of British Columbia, said she was struck after watching Julie Taymor's 2010 Hollywood interpretation of Shakespeare's "The Tempest" by parallels between the antics of Ariel and her own experience as a trans woman.

    Shakespeare Offers Insight Into Trans Struggles, Experience: Scholar

    Warm Winter Weather, Weak Economy Take Bite Out Of Pet Sector Sales

    Warm Winter Weather, Weak Economy Take Bite Out Of Pet Sector Sales
    An unseasonably warm winter in Eastern Canada and a weak economy have taken a big bite out of sales from businesses that cater to furry best friends, the pet products industry says.

    Warm Winter Weather, Weak Economy Take Bite Out Of Pet Sector Sales

    Nike Unveils Its First Self-Lacing Sneaker

    Nike Unveils Its First Self-Lacing Sneaker
    The world's largest sportswear brand, based in Beaverton, Oregon, unveiled the sneaker along with a host of other innovations Wednesday at a media event in New York.

    Nike Unveils Its First Self-Lacing Sneaker

    UK Couple Rocks Bollywood Number 'London Thumakda' At Wedding Reception

    UK Couple Rocks Bollywood Number 'London Thumakda' At Wedding Reception
    This Is One Video That Will Definitely Put A Smile On Your Face. -

    UK Couple Rocks Bollywood Number 'London Thumakda' At Wedding Reception

    Dog With No Legs Leaves Korea For New Life In Arizona

    Dog With No Legs Leaves Korea For New Life In Arizona
    A dog that was left in a garbage bag behind a South Korea meat market has a new life — and new limbs — on the other side of the world in Arizona.

    Dog With No Legs Leaves Korea For New Life In Arizona