Automatic tax filing could see Canadians get billions in unclaimed benefits: PBO

Rolling out an automatic tax filing system would mean Canadians receive more than a billion dollars each year in currently unclaimed benefits from not filing their tax returns, according to the federal fiscal watchdog. The Parliamentary Budget Officer (PBO) published a report Thursday looking into the impact of automated tax filing from the Canada Revenue Agency. First proposed in the Liberals’ 2023 federal budget, the CRA said last month it would start rolling out invitations to the service this summer. But the PBO notes that there has been no further indication about a timeline regarding when the agency would begin processing automatic tax returns. Global's Anne Gaviola has the story. For more info, please go to https://globalnews.ca/news/10564488/automatic-tax-filing-cra-pbo Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #Canada #taxes

Jun 17, 2024 - 22:30
Automatic tax filing could see Canadians get billions in unclaimed benefits: PBO

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Rolling out an automatic tax filing system would mean Canadians receive more than a billion dollars each year in currently unclaimed benefits from not filing their tax returns, according to the federal fiscal watchdog.

The Parliamentary Budget Officer (PBO) published a report Thursday looking into the impact of automated tax filing from the Canada Revenue Agency.

First proposed in the Liberals’ 2023 federal budget, the CRA said last month it would start rolling out invitations to the service this summer. But the PBO notes that there has been no further indication about a timeline regarding when the agency would begin processing automatic tax returns.

Global's Anne Gaviola has the story.

For more info, please go to https://globalnews.ca/news/10564488/automatic-tax-filing-cra-pbo

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB

#GlobalNews #Canada #taxes

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