The Canada Revenue Agency is growing the number of ways you can file your income taxes - online, by phone, by mail, or Hire an Accountant to Do Your Income Taxes. Choose the one that is most suitable for you and your income tax circumstances.

 

You can take benefit of Free Tax Filing is your total family income is $20,000 or less*. If your total family income is not more than $20,000 then you can file your Free Tax Return with H&R Block for free, right now!

 

In case you are not qualifying for Free Tax Return Filing than you can use H&R Block’s Free Income Tax Program. It’s free to use, you have to pay after submit or print your tax form.

 

The deadline for Canada Tax Filing is midnight April 30. If you file your Income Tax Return after the deadline, the Canada Revenue Agency (CRA) will charge a penalty and interest on the unpaid amount.

 

In Canada, if you have to pay tax or have earnings on which CPP contributions must be paid, you must file a tax return.  You must include your worldwide earnings in your taxable income.  You will usually have to pay tax if your taxable income exceeds the amount of the basic personal exemption.  See the tables of non-refundable tax credits for the amounts for federal and provincial/territorial basic personal exemptions and other tax credits.  If you have net self-employment income or pensionable employment income in excess of $3,500, you may have to remit CPP contributions.

 

There are other circumstances which also may require a tax return to be filed:

• You were requested by the Canada Revenue Agency (CRA) to file a return.
• You have disposed of capital property (real estate or investments, for example) during the tax year.
• You claimed a capital gains reserve on your previous year's tax return.
• You have withdrawn amounts from your RRSP under the Home Buyers' Plan or the Lifelong Learning Plan, and have not yet repaid the entire amount.

 

Even if you are not required to file a tax return, it will often be to your advantage to do so, for some of the following reasons:

• Filing a return is the easiest way to establish your contribution room for a Tax-Free Savings Account (TFSA), even though the contribution room is not affected by taxable income. CRA explains that Individuals who have not filed returns for prior years would be permitted to establish their entitlement to contribution room by filing a return for those years or by other means acceptable to the Canada Revenue Agency.
• You have had tax withheld from your income, and want to receive a refund.
• The federal government and some provinces have refundable tax credits, which are payable to you even if you have no earnings and have paid no tax. This means they will send you a cheque for the tax credit! This includes the federal Working Income Tax Benefit, which was new in 2007.