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Filing Your Canadian Income Taxes - The Basics

By , About.com Guide

Filing Canadian Income Taxes

Filing Canadian Income Taxes

Courtesy Canada Revenue Agency

Updated: 02/15/12

Deadline for Filing Your Canadian Income Taxes:

The deadline for filing your Canadian income taxes is midnight April 30.

If you owe income tax and file your income tax return after the deadline, the Canada Revenue Agency (CRA) will charge a penalty and interest on the unpaid amount.

Who Has to File a Canadian Income Tax Return:

Most Canadian residents have to file a Canadian income tax return for the previous year

  • to pay the accurate amount of income tax owed

  • to pay back overpayment of benefits such as Employment Insurance

  • to claim certain benefits, such as the GST/HST Credit or the Guaranteed Income Supplement under the Old Age Security Program.

Some international and non-resident individuals must also file a Canadian income tax return.

Before You Prepare Your Canadian Income Tax Return:

Before you tackle your income tax return, make sure you have the following information:

Collect Your Income Tax Package, Forms and Information Guides:

To file your taxes, you need an income tax package for the province in which you lived on December 31 of the previous year. The package includes a return (form), federal tax worksheet, schedules (more forms), a provincial or territory tax worksheet and an information guide.

In early January, the CRA mails income tax packages to those who filed a return the previous year. The type of income tax form they send you is based on your last income tax return. If your tax situation is different this year, then use a general package. See Where to Get a Canadian Income Tax Package.

Choose the Best Way to File Your Income Taxes:

The Canada Revenue Agency is increasing the number of ways you can file your income taxes - online, by phone, by mail, or hiring someone to do it for you. Here are 6 Ways to File Your Canadian Income Taxes. Select the one that's most appropriate for you and your income tax situation.

Find Detailed Information and Help:

There are a variety of sources available to answer your specific tax questions. Here are some good places to find help with your Canadian income taxes.

Check on Your Income Tax Refund:

For many, the hardest part of doing their income taxes is waiting for their refund. There are several ways to check on your income tax refund.

Change Your Canadian Income Tax Return:

You can make some changes to your income tax return online; others you have to make by mail. If you need them, you can get the income tax packages for past years online.

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