Average refund up $22 over last year
More than 76 per cent of Canadians filed their income tax return electronically this year, according to the Canada Revenue Agency (CRA). This is an increase of 17 per cent over last year.
As of June 20, 20 million Canadians took advantage of electronic filing services, which is up from 17 million at this time last year.
The average Canadian received a refund of $1,641 during the 2012 tax-filing season – an increase of $22 per person since the previous filing season.
Several credits are available to Canadians, including the new family caregiver amount, introduced this year. This new tax credit helps those looking after a dependant with a physical or mental impairment. Eligible tax filers can claim up to an additional $2,000 in the calculation of certain non-refundable tax credits through this initiative.
If anyone missed the April 30 filing deadline, the CRA is urging those individuals to file as soon as possible.
