Don’t Fear Taxes – Let’s Break it Down Together!
Hey there! If the word “taxes” makes you want to hide your paperwork in a plastic bag and forget about it—don’t worry, you’re not alone. Whether you’re 18 or 80, understanding how to do your taxes can feel overwhelming. But we’re here to help you through it, step by step.
Why Should I Even File?
Even if you made little to no income in 2024, filing your taxes is super important. Why? Because it opens the door to all kinds of benefit payments. That’s right—money you could be missing out on. And yes, even high school students with part time jobs should file a return. It’s worth it!
So… How Can I File My Taxes?
There are lots of ways to get your taxes done:
✔ Use CRA’s SimpleFile if they sent you a letter.
✔ Use certified tax software like TurboTax or UFile (some are free!).
✔ Visit a free community volunteer tax clinic if you qualify.
✔ Work with a tax professional if your situation is more complex.
✔ Paper filling is an option… but it’s the slowest and hardest one.
The earliest you can file for 2024 is February 24, 2025, and the deadline is April 30, 2025.
Filing Online is Easier Than You Think
Tax software is available for your computer, tablet, or even your phone. Some options like UFileFREE are completely free for students, seniors, and low-income individuals. Just answer a few questions, input info from your tax slips, and you’re good to go. If you’re using CRA’s “Auto-fill My Return,” you barely have to type anything at all!
What About Refunds?
If you’re owed money, you’ll usually see a refund in 2–3 weeks if filed online, or 4–6 weeks by mail. Services like H&R Block offer instant refunds if you’re getting over $600, but they do charge a fee.
Tip: Make sure CRA has your direct deposit info or your correct address on file. It’s even better if you sign up for CRA’s My Account—you’ll be able to view assessments, update your info, and track payments.
A Quick Look at Taxes in Alberta
The amount of tax you pay depends on your income (after eligible deductions). Alberta and Canada use a progressive tax system, which means you pay a higher percentage as your income increases.
For example:
- 25% on your first $55,867 of taxable income
- Up to 48% if you make more than $355,845
But don’t panic—most people pay far less, especially with all the credits and deductions available, like:
- RRSP contributions
- Childcare expenses
- Medical bills
- Student loan interest
- Disability or caregiver amounts
Benefits You Can’t Afford to Miss!
Filing your taxes ensures you receive the benefits you’re eligible for. Here’s a quick summary:
✅ GST Rebate – Up to $519 (single) or $680 (married), plus $179 per child. Paid quarterly.
✅ Canada Carbon Rebate – Paid quarterly; the amount depends on your location and family size.
✅ Canada Workers Benefit – For low-income workers; advance payments made throughout the year.
✅ Canada Child Benefit (CCB) – For those caring for kids under 18.
✅ Alberta Child and Family Benefit – Based on your income, paid four times a year.
Heads up: If you owe money to the government (like previous tax or benefit over payments), CRA may deduct it from your refund or benefits. But if you’re struggling, reach out—they may offer help.
You’ve Got This!
Taxes don’t have to be scary, confusing, or stressful. With the right tools, a bit of guidance, and maybe a little help from a community clinic, you can take control of your finances and access the support you deserve.
Want to learn more? Visit CRA’s “Get Ready to Do Your Taxes” page or check out our previous articles.
And remember: filing is not just about paying—it’s about getting what’s rightfully yours.