It's About Time Canada Revenue Agency Just Did Our Taxes For Us (Blog)

South Africa News News

It's About Time Canada Revenue Agency Just Did Our Taxes For Us (Blog)
South Africa Latest News,South Africa Headlines
  • 📰 HuffPostCanada
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Now, stop procrastinating and go do your taxes

Have you been procrastinating on doing your income tax return? What could make filing our tax returns an easier and more rewarding a experience? They know how much we have been paid because employers send them that information. Banks and other financial institutions also tell the CRA how much interest or investment income we have earned. And charities report directly to the CRA how much each of us has given in charitable donations.

The CRA could easily just run that info through their computer programs to produce a draft tax return. They would then send that to each of us to check that they got all the information right and"presto!" — taxes are done. This may not work for those who are self-employed or who have complicated financial arrangements, but for the majority of taxpayers, the CRA could easily do our returns for us and it would be less prone to errors.

The CRA could easily just run that info through their computer programs to produce a draft tax return.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

HuffPostCanada /  🏆 61. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Globe editorial: Globe editorial: It’s time for Canada to ban handgunsGlobe editorial: Globe editorial: It’s time for Canada to ban handgunsThe debate on banning handguns has been predictable. Licensed firearm owners fear that new restrictions aimed at urban handgun violence will end up undermining their ability to buy and use the long guns they need and safely enjoy
Read more »

Canadians love their tax refunds, but it’s blinding them to better tax planning: CIBC pollCanadians love their tax refunds, but it’s blinding them to better tax planning: CIBC pollA new survey by CIBC found that 63 per cent of participants didn’t know tax refunds were their own money, rather than a ‘windfall of unexpected money’
Read more »

Why Your Local Small Business Feels Burned By The Carbon Tax (Blog)Why Your Local Small Business Feels Burned By The Carbon Tax (Blog)Who is picking up the tab? The corner store, your dry cleaner and the small manufacturer.
Read more »

A Reminder That The Carbon Tax Will Put Cash Back In Your Pocket (Blog)A Reminder That The Carbon Tax Will Put Cash Back In Your Pocket (Blog)Among the four 'backstop' provinces, households overall will actually receive more back than they will pay in.
Read more »

Former spy agency head says Canada should postpone 5G decisionFormer spy agency head says Canada should postpone 5G decisionmaking a decision against the company now could further damage relationship with China, Richard Fadden says
Read more »

Public Health Agency of Canada says salmonella outbreak in 6 provinces, 63 sickPublic Health Agency of Canada says salmonella outbreak in 6 provinces, 63 sickHealth officials are investigating an outbreak of salmonella in six provinces that has sickened 63 people, including 18 who have been hospitalized.
Read more »

Public Health Agency of Canada says salmonella outbreak in 6 provinces, 63 sickPublic Health Agency of Canada says salmonella outbreak in 6 provinces, 63 sickHealth officials are investigating an outbreak of salmonella in six provinces that has sickened 63 people, including 18 who have been hospitalized.
Read more »

Watchdog Still Can't Figure Out How Much Canada Is Losing To Tax HavensWatchdog Still Can't Figure Out How Much Canada Is Losing To Tax HavensBudget watchdog still can't figure out how much Canada is losing to tax havens
Read more »

Canada’s carbon tax: A guide to who’s affected, who pays what and who opposes itCanada’s carbon tax: A guide to who’s affected, who pays what and who opposes itIn an attempt to combat the effects of climate change, the Trudeau government will implement a national carbon-pricing plan to encourage Canadians and big business to use less fossil fuels. But with it comes a lot of contention and questions for Canadians. Learn what this means for you
Read more »



Render Time: 2025-02-28 08:44:28