April 30 isn’t end of tax season
Late filers need not panic.
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Economists share how the temporary tax cut and relief cheques may play into Canada’s growth picture.
While the April 30 tax filing deadline has been seared into most people’s minds, this isn’t their last chance to apply for a refund.
Since you’re allowed a tax amendment period of up to three years, it’s recommended that you go over your notice of assessment and consider whether or not you’ll need to apply for changes. This move could get you a higher refund, or even open your eyes to a savings opportunity that might have gone unnoticed.
Canadians can use of CRA’s My Account service, which allows you to double-check your tax return after it’s been filed, and even track cheque processing.
The average refund so far has been $1,466.29.
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