Income tax filing deadline looms

Less than 25 per cent of the population now send their taxes in the mail

The April 30 deadline for filing income taxes is still a few days away, yet Canada Revenue Agency is already crunching the numbers on who filed and how.

As of April 19, more than 13,160,800 Canadians had filed their returns. By the end of the month, that number will balloon to an estimated 21 million.

Almost half of those who have filed their taxes so far has hired someone to do so using the Internet. A quarter filed their own on the Net and just less than a quarter, 23.56 per cent, used the old-fashioned method, Canada Post, to file returns.

CRA goes after individuals who don’t file income tax returns. Five people were convicted in B.C. last year for failing to file. In addition to fines, those convicted must still file returns and pay the full amount of taxes owing, if any, plus interest.

If you’re overwhelmed at the prospect of sifting through that shoebox of receipts in order to do your taxes, University of Victoria educational psychologist Allyson Hadwin has some tips, such as breaking up the task into manageable goals.

One day create a CRA online account, she says on her Facebook page, facebook.com/pages/Learning-Strategies-for-University-Success/166536786712626

The next day, before dinner, fill in the T4 information. Later that evening add your T4A information. When you’re done, reward yourself.

That reward could be planning what to do with your refund when it arrives. As of April 19, more than half of those who filed their tax returns will receive refunds. The average 2012 refund amount to date is $1,541.87.

Tax time means scam time

If you receive an email claiming you need to provide banking and personal information in order to receive a refund, don’t believe it, says the Canada Revenue Agency. CRA does not request personal information of any kind via email from tax payers. If you did respond to such a scam contact the RCMP’s Anti-Fraud Centre by email at info@antifraudcentre.ca or call 1-888-495-8501.

 

Just Posted

Canada Women’s Rugby 7s Team land at home after series triumph

Next stop at Langford offers Olympic qualification

PHOTOS: Green Party Leader Elizabeth May says ‘I do’ on Earth Day

May and John Kidder got married Monday morning in Victoria

Two-sailing waits continue Victoria to Tsawwassen

Backlog continues despite extra sailings over Easter

Saanich soccer player survives bout with flesh eating disease

Harinder Sandhu picked up the disease after soccer game

Second earthquake in less than two hours strikes off Vancouver Island

The first earthquake happened at 1:27 p.m., the second at 2:44 p.m.

Homeless activists outside Notre Dame demand ‘a roof too’

Wealthy people have donated millions to effort to rebuild cathedral after devastating fire

United Way opens grants to help charities tackle social issues

Charities north of the Malahat can apply for grants $2,000 to $20,000

POLL: How often does your family use BC Ferries?

Navigating the lineups for BC Ferries is a way of life for… Continue reading

Crime Stoppers most wanted for Greater Victoria for the week of April 16

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Sri Lanka invokes war-time military powers after nearly 300 killed in Easter bombings

Sri Lanka’s minister of tourism says 39 foreign tourists were killed in the Easter Sunday attacks

Man’s body found in popular Cowichan Valley hiking area

Police say death not suspicious after discovery in Stoney Hill area overlooking Saltspring Island

Multiple sailing waits as BC Ferries deals with Easter Monday traffic

89 extra sailings had been added to the long weekend schedule

Vancouver Island-based company provides glass alternatives to plastic straws

Enviro Glass Straws now producing more than 60,000 straws each year

Most Read