What it’s essential to know for the 2022 tax-filing season


OTTAWA, ON, Feb. 10, 2022 /CNW/ – Final 12 months, Canadians filed virtually 31 million revenue tax and profit returns. Having the knowledge you want readily available to file your return makes the submitting course of that a lot simpler. We need to enable you prepare, so you’re in good condition when it comes time to file your return this 12 months.

Right here you will see that info on submitting choices, COVID-19 advantages, and what’s new for this tax-filing season.

The tax-submitting deadline for most people is April 30, 2022
Since April 30, 2022, falls on a Saturday, your return will probably be thought-about filed on time in both of the next conditions:

  • we obtain it on or earlier than Might 2, 2022
  • it’s postmarked on or earlier than Might 2, 2022

You’ve gotten till June 15, 2022, to file your return for those who or your partner or frequent law-partner are self-employed.

The fee deadline is April 30, 2022
You probably have a steadiness owing, your fee is due on April 30, 2022.

In case you or your partner or frequent law-partner are self-employed, your fee remains to be due on April 30, 2022.

In case you filed your 2020 return and certified for curiosity reduction, you may have till April 30, 2022, to pay any excellent revenue tax debt for the 2020 tax 12 months. This is applicable to the tax owing for the 2020 tax 12 months solely, and never for any earlier tax 12 months.

Since April 30, 2022, falls on a Saturday, in the entire above conditions, your fee will probably be thought-about paid on time if we obtain it, or it’s processed at a Canadian monetary establishment, on or earlier than Might 2, 2022.

Plan forward this tax-filing season
Plan forward, and file your revenue tax and profit return as quickly as you may. Doing so will mean you can:

  • obtain any refund quicker (if relevant)
  • keep away from interruptions to your profit and credit score funds
  • search assist for those who want it

That will help you plan forward, we encourage you to join direct deposit and to file on-line. Utilizing these instruments will enable you keep away from delays and get your discover of evaluation (NOA) and any refund, if relevant, quicker. Additionally, please join My Account. It’s the quickest and best technique to view and handle your tax and profit info. In case you personal a enterprise, you may as well join My Enterprise Account.

Submitting earlier than the deadline is one of the best ways to ensure your entitled profit and credit score funds aren’t interrupted. This consists of the Canada youngster profit, the products and companies tax / harmonized gross sales tax credit score, and any associated provincial or territorial advantages. Even for those who owe tax, do not danger having your advantages interrupted by not submitting. In case you can not pay your steadiness owing, we are able to work with you on a fee association.

Our service normal is to subject your NOA inside two weeks of receiving your return on-line. As a consequence of COVID-19 delays, the Canada Income Company (CRA) might take 10 to 12 weeks to course of paper returns. The CRA will course of them within the order they’re obtained. Canadians who file on-line and who’re signed up for direct deposit might get their refund in as little as eight enterprise days.

Go digital this tax-filing season
Go digital this tax-filing season through the use of our on-line companies equivalent to:

  • My Account – This service permits you to handle your tax and profit affairs on-line. You possibly can replace your tackle, direct deposit info, marital standing, and extra. You can too join E-mail notifications and entry digital companies equivalent to Auto-fill my return and Categorical NOA in licensed tax submitting software program.
  • NETFILE licensed software program – You possibly can file on-line utilizing NETFILE-certified software program choices. There are numerous merchandise to select from, relying in your wants. A few of these merchandise are free.
  • Categorical NOA – This service means that you can view your NOA in your licensed tax software program. Your discover turns into obtainable proper after the CRA receives and processes your return, seconds after submitting.
  • E-mail notifications – These notifications enable you preserve monitor of data in your account. They assist forestall fraud by sending you an electronic mail when:
    • you may have mail from the CRA
    • your tackle, direct deposit or different info has been modified
    • any paper mail from the CRA that was addressed to you is returned

Please notice that it will likely be obligatory to offer an electronic mail tackle to make use of My Account as of February 2022.

You possibly can try our questions and solutions about submitting your taxes web page for extra solutions to frequent questions. This web page will probably be up to date periodically to include modifications which will have an effect on you throughout the tax-filing season.

Have not filed shortly or have by no means filed a return?

It’s important to full and file an revenue tax and profit return yearly to:

  • obtain sure advantages and credit to which you will be entitled
  • probably get a tax refund
  • pay Canadian taxes chances are you’ll owe

There are alternative ways to file your revenue tax and profit return(s) for those who:

  • have by no means filed a return earlier than
  • have not filed shortly
  • want to file returns for earlier years

You possibly can go to our Get able to do your taxes web page. It has info on deadlines, and different tax suggestions that may be useful for you. You can too get solutions to continuously requested questions on submitting your taxes at our Questions and solutions about submitting your taxes web page.

We will additionally enable you Find out about your taxes. This 12 months, we’re launching a brand new on-line course that will help you study taxes and empower you to do your taxes by yourself. The free on-line course offers you with classes that enable you perceive what taxes are, why we pay them, find out how to learn your paycheques and revenue tax slips, and at last, find out how to do your taxes for the primary time. Following every lesson, you may check your self with workout routines and quizzes.

COVID-19 advantages
In case you obtained advantages issued by the CRA in 2021, such because the Canada Restoration Profit, a T4A info slip will probably be mailed to you by the top of February 2022. Residents of Quebec will obtain a T4A slip and an RL-1 slip.

T4A info slips from the Authorities of Canada for COVID-19-related advantages may also be offered on-line for those who’re registered for My Account and have full entry. To have full entry to My Account, it’s essential to enter the CRA safety code we issued to you after finishing step one of the registration course of. You possibly can view some tax slips on-line beginning in early January in My Account.

Info slips, together with info for COVID-19-related advantages, are additionally obtainable by way of the Auto-fill my return service in licensed tax submitting software program. This service robotically fills in elements of an revenue tax and profit return with info that the CRA has on file. To make use of the service, you should be registered for My Account.

When COVID-19 advantages have been paid, some tax was withheld at supply. If you find yourself owing extra tax on high of that, we perceive that fee might current vital monetary hardship. In that case, our expanded fee preparations might be just right for you. This will provide you with extra time and suppleness to repay based mostly in your monetary scenario. Additionally, taxpayer reduction is on the market if you cannot meet your tax obligations due to circumstances past your management. The CRA might cancel or waive penalties or curiosity underneath sure circumstances.

There could also be different results to submitting your return which can be particular to any COVID-19 profit you obtained, or for those who’re a resident of Quebec.

We’re conscious that everybody’s tax scenario is exclusive and should require contacting one in all our brokers. We thanks to your persistence upfront. Tax season is the busiest time for the CRA. Sadly, this implies chances are you’ll expertise lengthy wait occasions. Brokers are working onerous to reply calls as quick as attainable to ship companies that Canadians count on from the CRA.

We perceive that ready to get by way of in these conditions may be tense. The particular person tax enquiries line is open Monday to Friday 8am to 8pm, native time, and Saturday 9am to 5pm, native time, besides holidays.

Defending you from scams and fraud
The protection and safety of Canadians, and their info, is a precedence for the CRA. Being a sufferer of scams, fraud, or identification theft can lead to vital monetary and emotional results.

Know when and the way the CRA would possibly contact you. The Be Rip-off Good web page offers info on the methods by which the CRA might contact you, together with by:

  • telephone
  • electronic mail
  • mail
  • textual content message

We additionally present info on securing CRA accounts and encourage you to:

  • Use distinctive and complicated passwords. All the time use distinctive passwords to your CRA and on-line banking accounts. Don’t reuse the identical password for various techniques.
  • Create a PIN. We propose you arrange a private identification quantity (PIN) in My Account or have one in all our contact centre brokers enable you arrange your PIN. Your PIN will probably be used to assist affirm your identification on future calls with the CRA.
  • Join electronic mail notifications. We advocate you join “E-mail notifications” by way of My Account. That manner, you’ll obtain an electronic mail in case your tackle or direct deposit info has been modified on CRA data. These notifications can act as an early warning about potential fraudulent exercise. Please notice that it will likely be obligatory to offer an electronic mail tackle to make use of My Account in February 2022.
  • Monitor your account for suspicious exercise. Verify your on-line CRA accounts frequently for any suspicious exercise. Search for modifications to your tackle and direct deposit info that you simply didn’t make or request. Additionally, please look ahead to profit functions made for you. It is crucial that any of those modifications that you simply didn’t make are reported to the CRA immediately.

What’s new on the revenue tax and profit return

Canada employees profit – The Canada employees profit charges and revenue thresholds have modified for 2021. A brand new “secondary earner exemption” has additionally been launched.

Local weather motion incentive fee – The Authorities of Canada has introduced its intention to ship the Local weather motion incentive (CAI) as a quarterly profit fee. If you’re a resident of Alberta, Saskatchewan, Manitoba, or Ontario, and you’re eligible, you’ll robotically obtain your CAI funds 4 occasions a 12 months, beginning in July 2022. To obtain your funds, you must file a tax return even when you’ve got not obtained revenue within the 12 months. You might qualify for the complement for residents of small and rural communities for those who presently reside exterior of a census metropolitan space (CMA) and count on to proceed to reside exterior of a CMA on April 1, 2022.

House workplace bills – You might be eligible to assert a deduction of as much as $500 yearly for house workplace bills within the 2021 tax 12 months utilizing the non permanent flat price methodology, for those who labored greater than 50% of the time from house for a interval of at the least 4 consecutive weeks resulting from COVID-19. This methodology will also be used in case your employer offered you a option to do business from home resulting from COVID-19 throughout this era.

Zero-emission autos – The definition of zero-emission automobile has modified for autos acquired after March 1, 2020. A automobile should qualify as a zero-emission automobile if the automobile was topic to a previous capital value allowance or terminal loss declare offered that the automobile was not acquired by the taxpayer on a tax-deferred “rollover” foundation or beforehand owned or acquired by the taxpayer or a non-arm’s size individual or partnership.

Assist for farmers – The Authorities of Canada outlined in Price range 2021 the target of returning a portion of the proceeds from the worth on air pollution to farmers in jurisdictions that do not need a carbon pricing system. The designated provinces are presently Ontario, Manitoba, Saskatchewan and Alberta. For 2021, underneath proposed laws, farmers who incur eligible farming bills of $25,000 or extra, that are all or partially attributable to designated provinces, might be able to obtain a credit score of $1.47 per $1,000 in eligible farming bills.

Educator Faculty Provide Tax Credit score – To assist academics and early childhood educators in Canada, the federal government proposes to broaden and enrich the Eligible Educator Faculty Provide Tax Credit score to permit them to assert a 25 per cent refundable tax credit score for purchases as much as $1,000 on eligible educating provides purchased throughout the tax 12 months. The federal government additionally proposes to broaden the record of eligible educating provides to incorporate digital gadgets equivalent to graphing calculators, digital timers, and instruments for distant studying. These enhancements would take impact beginning with the 2021 tax 12 months.

Eligible educators, no matter their revenue stage, who purchase educating provides might qualify for a refundable tax credit score of as much as $250 annually. Instructing provides are consumable provides equivalent to crayons, glue and paper, in addition to sure prescribed sturdy items equivalent to:

  • books, video games and puzzles;
  • containers (equivalent to plastic packing containers or banker packing containers);
  • instructional assist software program;
  • calculators (together with graphing calculators);
  • exterior information storage gadgets;
  • internet cams, microphones and headphones;
  • multimedia projectors;
  • wi-fi pointer gadgets;
  • digital timers;
  • audio system;
  • digital instructional toys;
  • video streaming gadgets;
  • printers;
  • laptop computer, desktop and pill computer systems, offered that none of this stuff are made obtainable to the eligible educator by their employer to be used exterior of the classroom.

Northern residents deductions – You might reside in a prescribed zone and be eligible to assert these deductions. To seek out out, go to Line 25500 – Locations positioned in prescribed zones. The northern residents deductions can be found to those that completely reside in a prescribed zone for a steady interval of at the least six consecutive months, starting or ending within the tax 12 months. The residency deduction is predicated on what number of days you lived in a prescribed zone throughout the tax 12 months. When these modifications take impact, the journey deduction is being expanded to be obtainable to eligible northern residents who make a journey even when their employer doesn’t present journey advantages for private journey. Eligible people residing in a prescribed northern zone can declare the total quantity of those deductions, and people residing in a prescribed intermediate zone can declare 50% of those deductions. For extra info, go to Northern Residents Deductions for 2021.

What’s new with our companies

Discover of evaluation or reassessment – Deliberate for July 2022, the CRA will begin the method of switching to electronically offering a discover of evaluation or reassessment. In case you file your return utilizing:

  • NETFILE or EFILE, you’ll obtain your discover of evaluation or reassessment electronically by way of your NETFILE software program, out of your EFILE service supplier, or by way of My Account by offering your electronic mail tackle. You’ll find extra info on find out how to register for My Account right here: Registration course of to entry the CRA sign-in companies.
  • a paper return, you’ll obtain your discover of evaluation or reassessment:
    • electronically by way of My Account, for those who offered an electronic mail tackle to the CRA
    • by mail, for those who didn’t present an electronic mail tackle to the CRA

Notice: First-time filers will obtain a discover of evaluation by mail no matter how they file their first tax return.

Your electronic mail tackle is required for My Account – Efficient February 2022, as a fraud prevention initiative, it will likely be obligatory to offer an electronic mail tackle to entry My Account. It will enable the CRA to tell taxpayers in actual time of modifications made to their account. Taxpayers can have the choice to pick out in the event that they want to obtain their CRA correspondence by paper mail, or to be notified by electronic mail, when CRA correspondence is on the market for viewing electronically in My Account.

Multi-factor authentication has been added to your account – We’ve got added multi-factor authentication for all customers to assist make our CRA sign-in companies safer! To make sure everybody can use it, we have launched a brand new passcode grid choice.

File my Return – This service has been improved to incorporate the usage of a PIN. Customers of the service who’ve a PIN and enter it will likely be capable of finding out their estimated refund or steadiness owing, as relevant.

NETFILE and EFILE – NETFILERs submitting a tax return with their present NETFILE entry code will obtain a brand new randomly-generated and distinctive code displayed on their discover of evaluation to be used on the next 12 months’s (2022) tax return. This code will now change yearly.

Digital filers utilizing the EFILE service will have the ability to file a tax return for Canadians with a mailing tackle exterior Canada.

Customers of the EFILE and NETFILE companies will have the ability to file a present 12 months tax return, along with returns for the 4 earlier years, as a substitute of simply three.

Auto-fill my return – This service will present info for the present 12 months, plus the earlier 5 years as a substitute of 4.

Automated callback service – When obtainable, this service lets callers ask for a callback as a substitute of ready on maintain. Callers on the person tax enquiries, advantages enquiries, and enterprise enquiries strains could also be given the choice of a callback. Remember the fact that this service will solely be obtainable at sure occasions of the day and when wait occasions attain a sure size.

Group Volunteer Earnings Tax Program (CVITP) – You probably have a modest revenue, a easy tax scenario, and require help, a CVITP volunteer might be able to full and file your tax returns totally free. Providers are presently being provided each in-person and thru digital means equivalent to video-conferencing. To discover a clinic, please go to our web site. Must you reside in Quebec, please go to the Earnings Tax Help – Volunteer Program for extra info.

T3 returns – This tax season, if you’re submitting any of those T3 returns (T3ATH-IND, T3RET, T3M, T3S or T3RCA), please notice that you are able to do it on-line utilizing EFILE. Register for EFILE at the moment to file electronically on or after February 21, 2022.

In case you want a belief account quantity, go to our Belief Account Registration on-line service. T3 returns from earlier years won’t be accepted electronically presently.

Keep linked

SOURCE Canada Income Company

For additional info: Media Relations, Canada Income Company, 613-948-8366, [email protected]



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