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% |
4 comments:
Interestingly enough, the average RRSP contribution is under $3,000. If a taxpayer claims their $1,400 refund on a $3,000 contribution their marginal tax rate would be 46%.
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