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Tax Tip: Tips for Preparing to File Your Taxes Online

OTTAWA, ONTARIO -- (Marketwired) -- 02/10/14 -- Did you know?

Filing your taxes online is increasing in popularity as Canadians discover how fast, easy, and secure filing online really is. Last year, over 74% of Canadians filed their income tax and benefit return electronically. Are you ready to join them?

Get ready: following these steps will make filing your taxes easy!

--  Go to www.cra.gc.ca/getready to find out about non-refundable credits
    you might be eligible for to reduce your taxes this year.

--  Gather all your information slips and receipts (T4s, T5s, etc.), as well
    as a copy of last year's return to use as a reference for this year. No
    need to send your receipts in with your return! If we need to see them,
    we will let you know.

--  Have your social insurance number and date of birth on hand.

--  Sign up for direct deposit to receive your refund faster and any benefit
    or credit payments owed to you, deposited directly into your bank
    account. Go to www.cra.gc.ca/directdeposit to learn how to sign up for
    direct deposit.

--  Make sure the Canada Revenue Agency (CRA) has your updated address and
    direct deposit information before you file. The fastest way to update
    both is by using My Account. To register for My Account, go to
    www.cra.gc.ca/myaccount. You can also use this service later to view
    your tax slip information, look up your RRSP deduction limit, and check
    the status of your refund or your Canada child tax benefit or GST/HST
    credit payments.

--  To file online, you need to complete your return using certified
    software or a certified web application. This may even help you identify
    benefits and credits that you may have missed if you filed on paper! The
    CRA has a list of software options-some that you have to buy and some
    that you can use for free-at www.netfile.gc.ca/software.


Now you're ready! Go to www.cra.gc.ca/getready and we will walk you through filing online step by step with our how-to tutorial video.

Stay connected

To receive updates when new information is added to our website, you can:

- Follow the CRA on Twitter - @CanRevAgency.

- Subscribe to a CRA electronic mailing list.

- Add our RSS feeds to your feed reader.

You can also watch our tax-related videos on YouTube.

Contacts:
Noel Carisse
Media Relations
Canada Revenue Agency
613-952-9184

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