The Canada Revenue Agency (CRA) is launching a new digital tax filing service for eligible lower-income Canadians. The service, called SimpleFile, will be offered to individuals with simple tax situations that remain unchanged from year to year. The CRA will send out invitation letters to eligible Canadians via mail or their CRA account over the next few months. Canadians will be able to file their taxes within five to 10 minutes with the phone option and in 20 minutes or less using a computer or mobile device.
, while also for the first time making a digital option available for people who have filed their taxes in recent years.service will be offered to “individuals with low or fixed incomes and simple tax situations that remain unchanged from year to year,” Déborah Cléry, a CRA spokesperson, told Global News.
She said the invitation letters to eligible Canadians will be sent out via mail or their CRA account over the next couple of months.The agency said 93 per cent of invitees had filed their tax returns by November 2024 and are receiving $3 billion in benefits and credit payments.
“The SimpleFile services will ask you to verify your information and provide answers to a few quick questions – there are no calculations for you to do,” the CRA says.Canadians will be able to file their taxes within five to 10 minutes with the phone option and in 20 minutes or less using a computer or mobile device.the federal government said it is looking into expanding automatic tax filing to “middle class Canadians with simple tax situations.
In addition, Ottawa is exploring options to make free online tax software more accessible to Canadians. Canadians can start filing their 2024 tax returns online on Feb. 24 and the deadline to do so is April 30.Flair passengers had a scare when Montreal landing was aborted before D.C. crash
TAXES CRA DIGITAL FILING LOWER-INCOME CANADA
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CRA to continue with capital tax changes despite prorogation: finance departmentThe federal government says the Canada Revenue Agency will continue to administer the capital gains tax, even though it hasn’t passed in Parliament, which is prorogued until March 24.
Read more »
CRA to continue with capital tax changes despite prorogation: Finance DepartmentDespite the current prorogation, the Finance Department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by Jan. 31.
Read more »
CRA to Administer Capital Gains Changes Despite Lack of Official LawThe Canada Revenue Agency (CRA) is moving forward with the administration of the new capital gains inclusion rate of 67%, effective June 25, 2024, despite the Liberal's capital gains tax increase not yet being officially signed into law. This means any capital gains realized since June 25, 2024, would be subject to the new rate. However, CPA Canada VP John Oakley cautions taxpayers that the changes are not yet law and they have the responsibility to choose whether to report their capital gains under the current 50% inclusion rate or the proposed 67% rate. The CRA is preparing impacted forms for individuals, trusts, and corporations, available on January 31, 2025. Corporations and trusts have until March 3, 2024, to access arrears interest and penalty relief.
Read more »
CRA Simplifies Sign-In Process for Easier Access to Tax ServicesThe Canada Revenue Agency (CRA) has made it easier for Canadians to access their tax accounts by simplifying the sign-in process. Account holders can now access all services in My Account, My Business Account, and Represent a Client with a single sign-in, eliminating the need to log in separately for each portal. The CRA is also prioritizing improvements to its digital services to enhance self-service options while maintaining security and efficiency.
Read more »
B.C. Company Challenges CRA's Move on Proposed Capital Gains Tax HikeA law firm is seeking to prevent the Canada Revenue Agency from implementing a proposed capital gains tax increase before it is approved by Parliament.
Read more »
Canada's Zombie Tax Reform: The CRA's Undead Capital-Gains HikeThe proposed capital-gains tax increase in Canada has become a zombie tax reform, leaving taxpayers in limbo. The Canada Revenue Agency is upholding the higher inclusion rate despite the lack of enabling legislation. The article explores the implications of this situation for taxpayers and calls on the CRA to provide clarity and relief.
Read more »