Although most Canadians file their taxes on time, at least 27 million eligible taxpayers miss the April 30 deadline, according to the Canada Revenue Authority (CRA). The problem with filing taxes late is you are likely to end losing money. On the other hand, when you pay your taxes on time, you are likely to enjoy the following tax incentives that will ultimately save you money:
Refunds
The odds of receiving a tax refund when your file your taxes on time are normally quite high. In fact, figures Read more [...]