You have to file a tax return if you either owe tax, or you're owed a refund for overpaid taxes, Canada Pension Plan, or Employment Insurance. So use this checklist to help make filing your taxes as efficient and painless as possible.
Download a copy of this checklist here.
Note Important Deadlines
- The deadline for receiving most tax information slips is February 28, except for the T3, which is issued 90 days after a trust's tax yearend.
- The deadline for contributing to your RSP and deducting it on your 2017 return is March 1, 2018.
- The deadline for filing your personal tax return, the T1, is April 30, 2018. If you're self-employed, the filing deadline is June 15, although you must pay any tax owing by April 30.
Manage Your Tax Information Online
- If you haven't already done so, register with CRA's MyAccount in order to check your RSP limit, register for direct deposit, view the status of your return, and much more.
Prepare Your Return
- Use NETFILE-certified tax software to guide you through the various forms and schedules on the tax return.
- Let Auto-fill my return populate information held by CRA into your tax return, and review to ensure it's accurate.
- Don't feel like you have to complete your tax return all in one sitting. Come back and fill in outstanding information as you receive it.
- If your tax situation is complicated, consider seeking the advice of a tax professional like a CPA.
File Your Return
- File online with the CRA using NETFILE, which is fast, easy and secure.
- Pay any tax owing or wait for your refund!