Advice from the CRA for last-minute tax return filings

The tax filing deadline for most people is Monday, May 2 at midnight, and the Canada Revenue Agency (CRA) has some tips for anyone filing their taxes at the last minute.

A spokesperson for the CRA, Robyn Brouillette, says the fastest and easiest way to file your taxes is online.

“You’re not alone if you’re a last-minute filer,” Brouillette said. “Rest assured there is still time to meet that filing deadline.”

She also says registering for direct deposit will get you your refund payment the quickest, in as little as eight business days.

“The CRA has worked very hard to make sure everything is running smoothly and effectively, especially for those online filers,” Brouillette said. “Everything is going well at this point, and there should be no delays when you are filing your taxes online.”

She notes anyone who received COVID-19 benefits should be sure to include them on their return.

“These benefit payments are considered taxable income,” Brouillette said. “For those who received the taxable COVID-19 benefit you will receive a T4A slip with those amounts that you need to report on your income tax and benefit return, you can view those slips on your online CRA account.”

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Brouillette adds if you worked for more than 50 per cent of the time from home for four consecutive weeks due to COVID-19, you may be eligible to claim up to $500 with the home office expenses deduction.

She also has some tips to avoid common mistakes on your return.

“Make sure all of your personal details are up to date when you file,” Brouillette said. “This includes your address, direct deposit, and marital status.”

You want to make sure that your information is correct when filing to avoid any delays with receiving any refund and/or benefit payments that you may be entitled to.

It’s important to remember there’s a penalty for missing the tax filing deadline.

“Try to file as soon as you can,” Brouillette said. “If you owe tax and you file late, please be aware that there may be a late filing penalty that occurs.”

If you need any help filing your tax return, the CRA says to contact its call centre to set up a payment arrangement option.

The deadline for anyone who is self-employed, or those who file taxes with a spouse or common-law partner who is self-employed, is June 15.

–With files from Tom Ross