Friday, May 30, 2008

$1400 average refund for 2007 tax season

Canadians are getting $200 more refund from last year.

With the filing season now complete for most Canadians, the CRA would like to remind self-employed individuals, and their spouses or common-law partners, that they have until midnight on Monday, June 16, 2008, to file their income tax returns. If they had an outstanding balance for 2007, it had to be paid on or before April 30, 2008, to avoid interest. A late-filing penalty on amounts owing will apply to returns received or postmarked after June 16, 2008.

2008 Tax Filing Season Statistics as of May 28, 2008


2008 2007 Change

Total received

23,687,417

23,099,964

+2.5%

NETFILE

4,150,737

3,957,938

+4.9%

TELEFILE

478,023

505,966

-5.5%

EFILE

9,014,295

8,259,416

+9.1%

Paper

10,044,362

10,376,644

-3.2%

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