January 17, 2023
Ottawa, Ontario
Canada Revenue Agency
As a student, you may have many questions about taxes. It might even be your first time filing an income tax and benefit return, and that’s okay! We’re here to make tax-filing easier and to make sure you receive the benefits and credits you may be entitled to.
Filing and payment deadline
You will be able to file your 2022 income tax and benefit return electronically starting on February 20, 2023. The deadline for most Canadians to file this return is April 30, 2023. Since April 30, 2023, falls on a Sunday, your return will be considered filed on time if the Canada Revenue Agency (CRA) receives it, or it is postmarked, on or before May 1, 2023.
If you or your spouse or common-law partner are self-employed, you have until June 15, 2023, to file on time. Filing your return before the respective deadline will allow you to avoid interruptions to any benefit or credit payments you may be entitled to.
If you owe money, your payment is due on April 30, 2023. Your payment will be considered on time if the CRA receives it, or a Canadian financial institution processes it, on or before May 1, 2023.
Learn about your taxes
Learn about your taxes is an online course to help students learn about taxes and how to file an income tax and benefit return. This free tool will help you understand what taxes are, why we pay them, and more.
Please see our next posts to continue reading the article.
The original article can be found here
*The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions, a further review should be done by a qualified professional.
No individual or organization involved in either the preparation or distribution of this text accepts any contractual, tortious, or any other form of liability for its contents.
For any questions, give us a call.
Do you need to prepare your records for year-end and tax filing?
Let us help!
We offer a wide range of services, including bookkeeping, financial reporting, payroll processing, tax planning, and more.
Get started with a free consultation to learn more about how we can help you!
