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Do You Have to File a Tax Return?

December 1, 2017 - 0

A tax return must be filed if:

-You have to pay income taxes for the year;

-You have not repaid all amounts withdrawn from your RRSP under the Life Long Learning Plan;

-You have to pay CPP because your pensionable income exceeds $3,500; or,

-You received the working income tax benefit or you applied for advance payments.

Other reasons to file a tax return:

-To claim a refund;

-To apply for the GST/HST or provincial credits;

-To carry forward or transfer the unused part of your tuition, education and textbook amounts;

-To keep your RRSP deduction limit up to date; or,

-To begin or continue receiving Canada Child Benefit payments.