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Time for automatic tax filing?

23 February 2021
Investment Executive // Tax and financial planning experts are applauding a recent federal government proposal that would see the Canada Revenue Agency (CRA) automatically prepare tax returns for Canadian residents with simple tax situations.

“Most of the information that people provide on a tax return the CRA already has,” said Jamie Golombek, managing director of tax and estate planning with CIBC Private Wealth Management in Toronto. “Why should the average Canadian have to spend time and money hiring tax professionals to do their returns when the CRA [already] has the information?”