Tax refunds for Irish people who have worked in Canada amount to $1680 on average.
Irish people who’ve travelled worked in Canada in 2017 are being urged to move fast and file their tax return before the 30 April deadline, or risk facing penalties from Canadian Revenue authorities.
Those who’ve worked in Canada over the past 10 years are also being urged to check whether or not they are owed a tax refund.
According to Taxback.com, in their experience, at least nine in every 10 workers are entitled to a refund, with an average of $1680 refunded in each transation.
Eileen Devereux of Taxback.com explained the importance in claiming back, especially considering the surge in popularity in recent years.
“Canada has always been popular amongst Irish travellers, but its popularity soared during the Recession with thousands of workers, particularly in the construction sector, heading to Canada to find work as our economy tumbled,” she said.
“We receive enquiries daily from Irish people who have returned from their Canadian adventure with a myriad of questions about their tax affairs. The average Irish refund is $1680 – so it’s not something which most people would willingly leave on the table if they knew it was available.”
The company says the primary purpose of filing a tax return in Canada is to check if the correct amount of tax has been deducted over the course of the previous tax year.
Anyone who travels to Canada on a working holiday visa is obliged to file a tax return, the submission deadline for which is Monday, 30 April.
While workers are being urged to check before the end of April, Ms. Devereux also assures people that, should you miss the deadline, all is not lost.
“If you miss the deadline, you may be penalised by the Canadian Revenue Office and incur a penalty fee of 5%. On the other hand, if someone is due a refund from the Canadian authorities, they have up to 10 years to claim it.”
For more information on Canadian taxes and how to file them, check out Taxback’s official website here.
LISTEN: You Must Be Jokin’ with Aideen McQueen – Faith healers, Coolock craic and Gigging as Gaeilge
