Personal finance contributor Christopher Liew breaks down what the CRA actually charges when you miss the deadline, what happens to your benefits, and how to limit the damage.

The MarketWatch News Department was not involved in the creation of this content. OTTAWA, ON, March 19, 2026 /CNW/ - The Canada Revenue Agency (CRA) will permanently close all drop boxes currently available at 45 locations across Canada on May 29, 2026.

Filing taxes every year is an important and necessary task in Canada. But for many, tax preparation and filing can be overwhelming. One reason is that tax forms can sometimes be hard to interpret, especially because most people only deal with them once a year.

There are some tax credits you should know about when filing your return this year. That's because you could reduce the amount of tax you owe the federal government by claiming these credits and

In March, just a few weeks into the current tax filing season, the CRA issued a tax tip alerting Canadians to tax scams, whether they come by letter, e-mail, text or phone call. The CRA said scammers are always improving their tactics to trick you into giving away your personal or financial information,

A Reddit poster confession — "I haven't filed taxes in over a decade" — prompts concerns about what it will cost and what steps to take

Filing your taxes doesn’t need to be a stressful, once-a-year scramble. Develop a process you can follow each year, such as breaking the work into manageable steps. (Credit: Andrzej Rostek) A: It’s not unusual to intend to stay organized with your finances,

The Canada Revenue Agency (CRA) probably knows what you did last summer — and last spring, winter and fall. Long before you file your taxes, the agency assembles a substantial profile that can be perfectly accurate around income,