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2:25
Global News
Erica Alini
Money 123: Pros and Cons of DIY tax filing
WATCH: Pros and Cons of DIY tax filing – Apr 13, 2019
Apr 6, 2019
Canada Revenue Agency Tax Return
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Start by gathering your documents to report income and claim deductions, and choose how you want to file and send your completed tax return to the CRA. In Canada, the tax system is based on self-assessment, meaning individuals are generally responsible for completing and filing their own income tax returns. The Canada Revenue Agency (CRA) administers the tax laws but typically does not file taxes on behalf of individuals, with one key exception: tax evasión #Canadiantax #CRA #taxseason2026
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The April 30th deadline to file your 2020 tax return is fast approaching. File so you don’t miss out on benefit and credit payments you may be entitled to. If you owe anything, you can use one of the many payment methods we offer. If you’re in a difficult financial situation due to the pandemic and owe taxes, we can help. We’ve made it easier than ever to make flexible payment arrangements. More information to get you started ➡️ http://ow.ly/sPJh50EpIpL | Canada Revenue Agency
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🚨 CRA WARNING FOR CANADA 🚨 The Canada Revenue Agency is stepping up enforcement to recover $14 BILLION in COVID benefits taken by people who were not eligible. 💰 $4B recovered 📞 $10B still unpaid ⚠️ Next step: Enforcement actions — including possible bank account freezes for individuals and businesses who don’t respond. This isn’t about fear — it’s about accountability. If you received CRA notices and ignored them, the consequences may now escalate. 📌 Stay informed. Stay compliant. Follow @
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