It is important to file your taxes annually, even with no income, to ensure access to potential government benefits and credits.
Click here to watch Canada Revenue Agency’s How to Prepare for Tax Season
What are the benefits to filing a tax return?
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- You may be able to access tax credits and benefits, like GST/HST Credit, the Canada Workers Benefit and Canada Child Benefit (CCB) and the Climate Action Incentive
- Owed tax or seeking a refund: Filing a tax return is mandatory if you owe taxes or are expecting a refund. Timely filing can help avoid penalties for late submission.
- Reclaiming overpaid taxes: Filing your taxes can rectify any excess tax deductions from your paycheck, ensuring you receive the entitled deductions and credits.
- Access to education savings grants: By filing, you may qualify for the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB) for your child’s education savings.
- Peace of mind: Regularly filing your taxes is vital for financial organization, offering peace of mind for unexpected situations that may arise.
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Help and Resources
Filing your taxes can seem overwhelming and confusing. Below are a list of resources and supports that may help you with the tax preparation process.
The Region of Durham hosts a list of free local income tax clinics and other resources at File Your Taxes – Region of Durham.
The Province of Ontario answers what you need to know about filing your personal income tax and benefit return at Filing your tax return | ontario.ca.
Learn about benefits and programs you may be eligible for Find benefits and programs | ontario.ca.
Learn what’s new for federal income tax filing at Get ready to do your taxes – Canada.ca.
Access an online course to learn about personal income taxes in Canada Learn about your taxes – Canada.ca.
Important Due Dates and Payment Dates
Filing dates for 2023 taxes
- Feb 29 2024: Deadline to contribute to an RRSP, a PRPP, or an SPP
- Apr 30, 2024 : Deadline to file your taxes
- Jun 15, 2024: Deadline to file your taxes if you or your spouse or common-law partner are self-employed
Payment date for 2023 taxes
- Apr 30, 2024: Deadline to pay your taxes