Close X
Wednesday, November 27, 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

    Employers Looking For Ways To Attract Millennials As They Recruit For Jobs

    Employers Looking For Ways To Attract Millennials As They Recruit For Jobs
    The old adage suggests you can't teach an old dog new tricks, but a growing number of companies are discovering the hard way that they'll have to learn some in order to attract and retain the next generation of employees.

    Employers Looking For Ways To Attract Millennials As They Recruit For Jobs

    Caitlyn Jenner's Politics Spark Debate In Transgender Ranks

    Caitlyn Jenner's Politics Spark Debate In Transgender Ranks
    Her latest political remarks — underscoring her conservative outlook and praising Republican presidential candidate Ted Cruz — ignited a storm of criticism from supporters of transgender rights

    Caitlyn Jenner's Politics Spark Debate In Transgender Ranks

    Luxury Retailers Courting Millennials One Social Media Post At A Time

    Luxury Retailers Courting Millennials One Social Media Post At A Time
    The recent arrival of U.S. luxury retailers Saks Fifth Avenue and Nordstrom have left many wondering if Canadian shoppers are as hungry for high-end goods as originally believed.

    Luxury Retailers Courting Millennials One Social Media Post At A Time

    Indian American Boy Arnav Krishna In Fray For $100,000 'Child Genius' Prize

    Indian American Boy Arnav Krishna In Fray For $100,000 'Child Genius' Prize
    Nine-year-old Arnav Krishna from New York stands a chance to win a whopping $100,000 college fund and the title of Child Genius 2016

    Indian American Boy Arnav Krishna In Fray For $100,000 'Child Genius' Prize

    Ford Makes Police Car Doors That Stop Armour-Piercing Bullets

    Ford Makes Police Car Doors That Stop Armour-Piercing Bullets
      Ford will soon be offering the doors on its Police Interceptor sedans and SUVs.

    Ford Makes Police Car Doors That Stop Armour-Piercing Bullets

    Canucks Sign Hulking Russian Defenceman Nikita Tryamkin To Entry-Level Contract

    Canucks Sign Hulking Russian Defenceman Nikita Tryamkin To Entry-Level Contract
    The Vancouver Canucks have signed hulking Russian defenceman Nikita Tryamkin to a two-year entry-level contract, the club announced Wednesday.

    Canucks Sign Hulking Russian Defenceman Nikita Tryamkin To Entry-Level Contract