How Long For Tax Refund Canada Reddit IF CRA really sent it on May 10th I would give it 2 weeks May 24 25 before saying it s been too long It s only been 8 days or really 5 business days when they say 10 days it s 10 business days not calendar
From the calculator If you make 40 000 a year living in Ontario you will be taxed 7 756 For a very simple answer Like someone else said look at your last pay stub for the YTD tax withheld If that number is more than 7 756 you will get a refund for the difference If it is less you will owe the difference Refund timelines How you file your return can affect when you get your refund The CRA s goal is to send you a notice of assessment as well as any refund within the following timelines online 2 weeks paper return 8 weeks non resident returns 16 weeks These timelines apply only to returns that are received on or before the due date
How Long For Tax Refund Canada Reddit
How Long For Tax Refund Canada Reddit
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How long will it take to process my return and have the notice of assessment issued Our goal is to issue your notice of assessment within 16 weeks of receiving your digital corporation income tax return Why did my return take longer to The time it takes to get your income tax refund can vary greatly depending on how you choose to submit your return to the government For example if you electronically file your return to the Canada Revenue Agency CRA using NETFILE you can expect to receive your refund in most cases via direct deposit in as little as 8 business days
How long it takes to get your tax refund in Canada The CRA typically sends your tax refund within two weeks if you ve filed online or within eight weeks if you ve filed a paper return If you live outside of Canada returns may take up to 16 weeks If your tax return is flagged for an in depth review it may take longer If you Netfile your return the average processing time is 10 business days Paper filers can tack on another four to six weeks to that time Once your return has been received by CRA you can track the process in your CRA My Account
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Your tax refund depends on your total annual income deductions credits and how much tax you ve paid File your taxes online and sign up for direct deposit to receive your refund faster Update your personal information with the CRA as your situation may change from year to year The government has started holding back all or part of tax refunds for Canadians it says received Canada Emergency Response Benefit CERB payments for which they weren t eligible
The CRA publishes its service standards It aims to issue your notice of assessment as well as your refund within two weeks if you file online In about 5 of cases it takes longer Paper returns are assessed slower If you don t have a direct deposit setup your tax refund cheque may take an additional 2 weeks or longer to arrive If you file your taxes using a paper return it may take up to 8 weeks to receive your refund
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IF CRA really sent it on May 10th I would give it 2 weeks May 24 25 before saying it s been too long It s only been 8 days or really 5 business days when they say 10 days it s 10 business days not calendar
https://www.reddit.com/.../estimation_of_tax_refund
From the calculator If you make 40 000 a year living in Ontario you will be taxed 7 756 For a very simple answer Like someone else said look at your last pay stub for the YTD tax withheld If that number is more than 7 756 you will get a refund for the difference If it is less you will owe the difference
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How Long For Tax Refund Canada Reddit - How long will it take to process my return and have the notice of assessment issued Our goal is to issue your notice of assessment within 16 weeks of receiving your digital corporation income tax return Why did my return take longer to
