{"id":1362,"date":"2021-04-05T09:30:18","date_gmt":"2021-04-05T13:30:18","guid":{"rendered":"https:\/\/fortax.ca\/?p=1362"},"modified":"2021-04-05T09:30:18","modified_gmt":"2021-04-05T13:30:18","slug":"why-file-a-tax-return-if-you-dont-owe","status":"publish","type":"post","link":"https:\/\/evolvethought.com\/fortax\/2021\/04\/05\/why-file-a-tax-return-if-you-dont-owe\/","title":{"rendered":"Why File a Tax Return If You Don&#8217;t Owe?"},"content":{"rendered":"<style>\n.page-title-inner {display: none;}\n.entry-header-text-top {display: none;}\ndiv#comments {display: none;}\n.entry-author {display:none;}\nfooter.entry-meta {display: none;}\n.subul {margin:0;list-style:revert;}\n<\/style>\n<h1>Why File a Tax Return If You Don&#8217;t Owe?<\/h1>\n<p>Filing your income tax return is an important part of strategic financial management. Make this yearly chore work to your advantage with good planning.<\/p>\n<p>The personal income tax deadline is April 30th. If you\u2019re self employed, it\u2019s June 15th; but your tax bill must be paid by April 30th (to avoid penalties).<\/p>\n<p><strong>Why file a return if you don\u2019t owe?<\/strong><br \/>\nIf you didn\u2019t work or had earnings low enough to scoot under the basic personal exemption amount, it\u2019s still smart to file your return. Here are some excellent reasons.<\/p>\n<p>Some government benefits are based on your income and tied to your yearly tax return, including the Canada Child Benefit, GST\/HST credit and certain benefits available to seniors.<\/p>\n<p>You might even get money back. This includes tax deducted from your paycheque. Refundable credits, designed to offset taxes owed, could also provide an unexpected refund.<\/p>\n<p>If you\u2019re pretty sure you don\u2019t owe money, do your tax return to confirm it. Make certain you\u2019re not in line for some unwelcome late-payment penalties, and interest that accrues monthly. Put this cash to better use than paying a fine.<\/p>\n<p>Ask your Financial Advisor how to make that tax return work to your best advantage and discuss proven strategies to pay less tax in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why File a Tax Return If You Don&#8217;t Owe? Filing your income tax return is an important part of strategic financial management. Make this yearly chore work to your advantage with good planning. The personal income tax deadline is April 30th. If you\u2019re self employed, it\u2019s June 15th; but your tax bill must be paid&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1364,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[72],"tags":[],"class_list":["post-1362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fortax-blog"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/1362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/comments?post=1362"}],"version-history":[{"count":0,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/1362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media\/1364"}],"wp:attachment":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media?parent=1362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/categories?post=1362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/tags?post=1362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}