Newspaper article The Canadian Press

Five Things You Should Know before Filing 2015 Income Tax Returns

Newspaper article The Canadian Press

Five Things You Should Know before Filing 2015 Income Tax Returns

Article excerpt

Five things you should know at tax time

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OTTAWA - Five things to know when filing income tax returns this year:

Deadline: The deadline for most Canadians to file their income tax return is normally April 30, but because that falls on a Saturday this year, the Canada Revenue Agency will consider it on time if returns are submitted by May 2. If you or your spouse or common-law partner were self-employed last year, you have until June 15 to file. But if you owe money, you must still pay it by May 2.

Always file a return: Even people who have no income or only made a small amount last year and don't owe any tax should file an income tax return. They may be eligible for a refund or other benefits such as the goods and services tax/harmonized sales tax credit. …

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