It pays to file your taxes every year!
Filing your taxes every year isn’t just about reporting your income — it’s the key to getting (and keeping) the benefits and credits that help you with everyday costs, including the new Canada Groceries and Essentials Benefit (CGEB). If you don’t file your taxes, you might be missing out on benefits and credits you’re entitled to receive.
Why it’s important to file your taxes on time
Your benefit and credit amounts for the year are calculated after your tax return is assessed. Starting in July each year, your benefit and credit amounts reset based on the tax return you filed for the previous year.
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Information source from Canada Revenue Agency (CRA)