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Automatic tax filing could give the average non-filer more than $2K per year: PBO
The budget office says 3,000 eligible Canadians could get an average of $2,212 in benefits under the new filing system.
- On Thursday, Parliamentary Budget Officer Annette Ryan released a report estimating that automatic tax filing could provide non-filers an average of $2,212 in annual benefits for the 2025 tax year.
- The Canada Revenue Agency distributes essential benefits to low-income households, parents, and workers, but many Canadians miss these payments because they do not file tax returns.
- Ryan estimates the federal government will pay out $342 million in benefits over five years under the new program, while administrative costs total $87 million.
- Payments will start next fiscal year for 3,000 eligible Canadians, with the CRA scaling the service up to 50,000 individuals for the 2027 tax year.
- Announced in the 2025 federal budget, this initiative aims to automate filing for individuals with simple tax situations, with benefit amounts projected to rise with inflation thereafter.
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The Toronto Star+14 Reposted by 14 other sources
Automatic tax filing could give the average non-filer more than $2K per year: PBO
OTTAWA - The federal fiscal watchdog says Ottawa's plan to roll out automatic tax filing could see Canadians who normally don't file their tax returns get thousands of dollars in
·Toronto, Canada
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Automatic tax filing could send roughly $2K to some, but cost millions: PBO
Automatic tax filing for qualifying Canadians could see them receive an average of roughly $2,000, according to a new report, but doing so would also cost hundreds of millions of dollars over the next few years. The Parliamentary Budget Officer (PBO) released a report Thursday outlining the cost of the program, which was announced in October. The program will see the Canada Revenue Agency (CRA) prepare pre-filled tax filings for eligible individ…
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Coverage Details
Total News Sources17
Leaning Left9Leaning Right1Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 29%
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