Ready for your tax refund? You’re not alone! All you have to do is gathered your paperwork, crunch the numbers, complete your return, and file your taxes with tax experts in Kingston Ontario. If you’re entitled to a refund, the time between when you file and when you receive your refund depends on a number of factors.
How You Submitted Your Return- to receive your refund more quickly, submit your return online. According to the Canada Revenue Agency, more than two-thirds of Canadians now file their returns electronically. If you Net file your return, the average processing time is 10 business days. You can expect to receive your refund about 3-5 days quicker than through regular mail out.
Outstanding Balances.
The Little Details- refund delays may also be caused by small, often overlooked details. If they don’t match, your return will be declined when it’s time to submit. Even a small detail such as an incorrect apartment number can lead to delays in filing.
In addition, there are a number of ways to reduce the amount of tax you owe and keep more money in your pocket at tax time. The Canada Revenue Agency (CRA) can help you learn more about the various credits and deductions that you may be entitled to and that can save you money, when you file your income tax and benefit return. Some important facts for individuals:
Plan ahead – Register for My Account, gather your receipts and NETFILE access code, and sign up for direct deposit. Submitting your income tax and benefit return before the tax-filing deadline means you can avoid having to pay late-filing penalties.
Save those receipts
Tax-free savings account – is one great way to save money since you don’t pay tax on any income you earn from investments in you earn.
Registered retirement savings plan
Public transit tax credit – If you or someone in your family is a regular user of public transit, then you may be able to claim a non-refundable tax credit based on the cost of eligible transit passes.
Some people don’t think it’s worth filing if they don’t have much or any income to declare. Nothing could be further from the truth. Even in a low tax bracket, here are some reasons why:
To claim your tax credits (e.g. provincial, education or disability tax credits).
To be eligible for certain rebates, benefits or programs(e.g. child tax credits and benefits, old age security, provincial medical premium assistance, medication payment assistance, nursing home / community or rental living support, etc.) you need to file your income tax because these programs base your eligibility on your previous year’s reported income level.
Our tax experts who help in tax resolution and return, will check your tax return with their computer software, and they will file it electronically so you can get refunds earlier.
If you are looking for a professional accountant to do your taxes in Canada, then you have come to the right place as we are tax experts in Kingston Ontario and we can help process your income tax return quickly while maximizing the tax return you will receive. Our decades of income tax filing experience can help you with your personal and business taxes in Kingston. Remove the headache from taxes and let our skilled tax consultants handle your accounting and bookkeeping to process smooth tax returns for you. Precise, Accurate Instant Tax Refunds Since 2002.
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