Tax deadline looming, but only around 60% of Canadians filed taxes
PRINCE GEORGE – The tax deadline is coming up on April 30, but according to the Canada Revenue Agency (CRA) only around 60% of Canadians have filed so far.
“I can tell you last year, about 30 million people had filed their taxes. And right now we’re at around 18 million, so a little over half,” said Lisa Ko, CRA spokesperson.
Filing your taxes on time is obviously important to avoid the late filing penalty charges, which is 5% on your balance plus an additional 1% for every month it remains unfiled, up to a max of 17%. While the penalty is of course something that people want to avoid, Ko says it should be more than just the fear of the penalty motivating you; you could actually be missing out on benefits if you don’t do your taxes.
