Real Tax News You Can Use with Evelyn Jacks
Real Tax News - People Need to Know
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Real Tax News You Can Use with Evelyn Jacks
Automatic Tax Filing: Good or Not Good? With Gillian Petit
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Today we are talking about a new initiative coming soon to taxpayers across Canada from their tax department the Canada Revenue Agency: Automatic Tax Filing.
This is an initiative that has the potential to substantially alter our self-assessment system of taxation. The plan is for Automatic Tax Filing, to begin in earnest in 2027, if the government’s proposals get Royal Assent, which is expected. The government will then initiate a pilot project in the fall of 2026.
CRA will have the discretionary authority to fill in and file a tax return for an identified individual. This new system is aimed at getting more government benefits like the Canada Child Benefit or new Groceries and Essentials Benefit out to low or nil income Canadians with simple returns.
By March of 2029, for the 2028 tax return, it’s anticipated that 5.5 Million returns will be filed for eligible individuals.
Gillian Petit is a Ph.D. in Economics, Department of Economics, at the University of Calgary, who has a Juris Doctorate, Faculty of Law, and an MA in Economics from Queen’s University. She is currently a Post-Doctoral Researcher and Senior Research Associate, Department of Economics, University of Calgary and has recently written an important paper for the Institute for Research on Public Policy Entitled, Automatic Tax Filing: Welcome News for Lower-Income Canadians, but There’s More to Do.
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