But the regular expected time to receive your tax refund when electronic filing is 2 weeks. If you sign up for a direct deposit and file your tax return online, you could receive your tax refund in as little as 8 days. Check the CRA website to see what the currently suggested processing timelines are. Below are the guidelines, but you may receive your money faster than the standard guidelines. How you choose to file your taxes will determine how fast you may receive your tax refund.

How Long Does It Take To Get Your Tax Refund? You will have to wait longer to receive your money. But if you are expecting a tax refund, there is technically no penalty for filing late.

If you file late, you risk owing interest and penalties on any tax owed and delaying any eligibility you may have for other government programs. If you are self-employed, the deadline is June 15. You have until April 30th of every year to file the previous year’s tax return for most situations. And if you have a representative, known as an authorized service provider such as an accountant, electronically file your income tax return for you, they will do so through the CRA Efile portal. If you choose to file it online by yourself or with tax preparation software, you will use the Canada Revenue Agency (CRA) Netfile portal. They can file them online or mail in a paper version. Filing a Tax Return in CanadaĬanadians have 2 options for filing their tax returns. Please find out how long it takes to get your income tax refund and some tips to make the process as fast as possible. If you are expecting a refund, chances are you don’t want to wait for your money. But getting an income tax refund can make a big difference to your annual budget.

Filing your taxes is not the most exciting thing you will do this year.

How long does it take for tax refund