Why is it essential to file an income tax return, regardless of whether you had income in 2024? Even if you arrived in Canada in December 2024, the Canada Revenue Agency (CRA) recommends filing your income tax return. Why?
Filing a tax return AUTOMATICALLY registers you for federal and provincial tax credits and benefits you will receive throughout 2025.
These may include:
- Canada Carbon Rebate ($980 for a family with a child in Ontario)
- GST/HST Credit (up to $859 for a family with a child)
- Canada Workers Benefit (up to $2,739 for a family)
- Canada Dental Care Plan for dental subsidies.
- Renters Tax Credit ($525 for Manitoba residents)
- Ontario Trillium Benefit (up to $1,248 for Ontario residents)
- Manitoba Child Benefit (up to $420 per child for Manitoba residents)
and more…
Some tax benefits depend on your family’s total income, while others, such as the Canada Carbon Rebate, are paid to everyone regardless of income level.