02/11/2023
Well, it is that time of year!!! Tax time... If you need help preparing your personal or corporate taxes, please do not hesitate to contact me. My cell is 250-719-7986 or [email protected].
What you need to know for the 2022 tax-filing season
February 10, 2022
Ottawa, Ontario
Canada Revenue Agency
Last year, Canadians filed almost 31 million income tax and benefit returns. Having the information you need on hand to file your return makes the filing process that much easier. We want to help you get ready, so you are in good shape when it comes time to file your return this year.
Here you will find information on filing options, COVID-19 benefits, and what’s new for this tax-filing season.
The tax-filing deadline for most individuals is April 30, 2022
Since April 30, 2022, falls on a Saturday, your return will be considered filed on time in either of the following situations:
we receive it on or before May 2, 2022
it is postmarked on or before May 2, 2022
You have until June 15, 2022, to file your return if you or your spouse or common law-partner are self-employed.
The payment deadline is April 30, 2022
If you have a balance owing, your payment is due on April 30, 2022.
If you or your spouse or common law-partner are self-employed, your payment is still due on April 30, 2022.
Since April 30, 2022, falls on a Saturday, in both of the above situations, your payment will be considered paid on time if we receive it, or it is processed at a Canadian financial institution, on or before May 2, 2022.
If you filed your 2020 return and qualified for interest relief, you have until April 30, 2022, to pay any outstanding income tax debt for the 2020 tax year to avoid future interest charges. This applies to the tax owing for the 2020 tax year only, and not for any previous tax year.
Plan ahead this tax-filing season
Plan ahead, and file your income tax and benefit return as soon as you can. Doing so will allow you to:
receive any refund faster (if applicable)
avoid interruptions to your benefit and credit payments
seek help if you need it
To help you plan ahead, we encourage you to sign up for direct deposit and to file online. Using these tools will help you avoid delays and get your notice of assessment (NOA) and any refund, if applicable, faster. Also, please sign up for My Account. It is the fastest and easiest way to view and manage your tax and benefit information. If you own a business, you can also sign up for My Business Account.
Filing before the deadline is the best way to make sure your entitled benefit and credit payments are not interrupted. This includes the Canada child benefit, the goods and services tax / harmonized sales tax credit, and any related provincial or territorial benefits. Even if you owe tax, don’t risk having your benefits interrupted by not filing. If you cannot pay your balance owing, we can work with you on a payment arrangement.