1 minute read

Canada Revenue Agency: What's new and what to remember when filing your taxes in Manitoba this year

Disability tax credit – For 2021 and later tax years, an individual diagnosed with type 1 diabetes is considered to have met the two times and 14 hours per week requirements for life-sustaining therapy. For more information, go to Disability tax credit.

Payment arrangements – If you cannot pay an existing debt in full, you may be eligible for a payment arrangement. Payment arrangement options have been expanded to reflect current realities. The Payment Arrangement Calculator has also been added to My Account and My Business Account. This self-service tool allows you to submit a potential payment arrangement without having to contact the CRA. If the proposed payment arrangement does not meet the CRA payment policy, a CRA officer will reach out to complete the arrangement.

Advantages of filing

You will be able to file your 2022 income tax and benefit return electronically starting on February 20, 2023. If you haven’t already, why not join the nine out of 10 Manitoba residents who filed their 2021 tax returns online? When combining online filing with direct deposit, you can receive your tax refund in as little as eight business days. Last year, over 13 million refunds were issued by direct deposit to Canadian taxpayers, which was 78% of all refunds.

There are many advantages to filing your taxes. Canadians who had a tax refund in 2022 received an average of $2,092. Another advantage to filing is that you may be eligible to receive federal benefit and credit payments. Last year, eligible Manitoba residents received an average of:

• $8,210 in Canada child benefit (CCB) payments

• $470 in goods and services tax/harmonized sales tax (GST/HST) credit payments

• $212 in Climate action incentive payments

To receive benefits and credits, you need to file an income tax and benefit return – even if you have no income to report for 2022 or if your income is tax exempt.

Getting started

Steps to get ready for filing – Not sure where to start? Visit our Get ready to do your taxes page for the latest tax information. We have eight steps that will help you prepare to file.

Register for My Account – Over 505,000 Manitoba residents are already registered for My Account. My Account is our online portal for individuals where you can find your tax information and access many of the slips you need to file your income tax and benefit return.

You can also:

• change your personal information, such as your address, phone number, and marital status

• register for direct deposit

• make a payment

• track the status of your return

• apply for child benefits

• receive mail and email notifications

• view uncashed cheques continued on page 16

This article is from: