Filing taxes is critical for many Canadians, not just for financial record keeping purposes, but for accessing income boosting benefits. Federal government benefits like the GST tax credit, Canada Child Benefit and Working Income Tax Benefit are only accessible to Canadians who annually file their taxes.
For many Canadians, filing taxes is viewed as an obligation or responsibility. However for many Canadians, particularly those living on lower incomes, filing a tax return can be an overwhelming process. Even though filing them is the only way to access benefits that provide a meaningful boost to their personal income. For example, for families living on social assistance, up to 40% of the family income can be received from the benefits accessed through tax returns.