Some Canadians have been asking their tax preparer not to file their return electronically because they believe that it increases the chance of an audit.
Whether e-filing increases the odds of an audit or if that is a myth is no matter. Starting in 2013, tax preparers who file more than 10 personal or corporate income tax returns are required by CRA to file them electronically.
What is the repercussion if a taxpayer refuses to file a return electronically? None for the taxpayer. It is the professional preparer who would be exposed to potential penalty for using an incorrect filing method.
So, if you want to file your tax return the old fashioned way, you will need to file it yourself or have a friend or family member help you. The good news is, there is helpful tax return software that is inexpensive and makes it easier than ever.
Rona Birenbaum is a certified Financial Planner and is licensed to do financial planning. Rona is registered through separate organizations for each purpose and as such, you may be dealing with more than one entity depending on the products purchased. Rona is registered through Caring-for-Clients for financial planning services. This website is not meant as a solicitation for financial advisory services. Financial advisory services are available through the facilities of Queensbury Strategies Inc. Financial Planning is not the business of or under the supervision of Queensbury Strategies Inc. and Queensbury will not be liable or responsible for such activities.
