Who should file personal taxes in Canada as per CRA?
- According to the CRA, anyone who earns income in Canada must file a tax return, regardless of whether they are a resident or a non-resident. This includes both Canadian citizens and permanent residents, as well as temporary residents who have earned income while working in Canada.
- It is important to note that even if you have not earned any income during the tax year, you may still need to file a tax return if you have certain tax credits or benefits to claim, or if you owe money to the government.
- When do you need to file taxes?
- The tax filing deadline for most individuals is April 30th each year, and the CRA begins processing tax returns as soon as they are received. However, if you or your spouse or common-law partner are self-employed, you have until June 15th to file your tax return, but any taxes owing are still due by April 30th.
- If you owe taxes and fail to file your tax return on time, you will be subject to penalties and interest charges. It is therefore important to file your tax return on time or to file a request for an extension if necessary.
