The official start to tax season begins on Monday, Feb. 20, this year as the Canada Revenue Agency (CRA) opens its portal for Canadians to file.
Before you call up your accountant or wade into the taxation trenches yourself, there are a few changes you should know about for the 2022 tax year.
Read more: Filing taxes on your own for the first time? Here’s what to know Read next: Here’s how interest rates could affect Canada’s housing market in 2023 Bruce Ball, vice-president of tax for CPA Canada, tells Global News that it wasn’t a blockbuster year for changes to tax legislation. “There are some new things to keep in mind, but there weren’t maybe large changes like there have been in other years,” he says.
For Canadians with medical expenses, those who received COVID-19 benefits and some homeowners, there are some expanded benefits and other filing changes this year that might tip you towards a tax return at the end of the process.